Social Sciences, asked by Anonymous, 5 months ago

why are we deposited money in the bank reason

Answers

Answered by meeraraj1857

Answer:

People deposit money in banks because banks are safe places to store money and because they can earn money on their deposits from interest.

Explanation:

Answered by Anonymous

Answer:

Banks take customer deposits in return for paying customers an annual interest payment. The bank then use the majority of these deposits to lend to other customers for a variety of loans. ... Lending money to firms, customers and home buyers. Offering financial advice

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