why are banks called debtors as well as creditors? explain.
Answers
Answered by
20
Answer:
A bank owes money to its depositors that is why it is called debtor. On the other hand, a bank grants loan also and all those who have taken loan owe money to banks. That is why a bank is also called creditor. A bank is a debtor for its depositors and creditor for its loan holders.
Explanation:
please Mark as Brainlist ♥️
Answered by
1
Answer:
we also don't no
Explanation:
Similar questions