Social Sciences, asked by Mansikundu, 1 year ago

why do banks keep a small proportion of money with themsleves .....plz answer according to class 10​

Answers

Answered by Mrxtream
0

Answer: Banks keep a small proportion of cash with themselves to pay the depositors who might come to withdraw money.....

Explanation: I hope this will help u......

Answered by WalkingDeath
1

✦✧ANSWER✦✧

Banks keep a small potion mostly 15% of total deposits as cash with themselves which is known as Reserve. The banks keep such a small portion of money as reserve to pay the depositors who might come to withdraw money from their accounts on any day in the bank.

Hope this will help you ♥☺

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