No products in the cart.

How do banks mediate between those …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

How do banks mediate between those who have surplus and those who need money?
  • 2 answers

Yash Partap Rana Rajput 7 years, 4 months ago

1. Taking deposits and lending money are the primary activities of banks. 2. Banks chare an higher rate of interest to the lenders than what they had offered to the borrowers. 3. The money between what is offered and what is lend with interest is the main criteria for the bank to earn.

Priyanshu Panda 7 years, 4 months ago

Refer to your Economics book Money and credit chapter . Page no 42 . Loan activities of banks
http://mycbseguide.com/examin8/

Related Questions

Define Deccan plateau briefly
  • 0 answers
What was zollverein formed
  • 1 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App