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How is money safe with the …

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How is money safe with the bank? Explain.

Posted by Manyashri K 4 years, 8 months ago

CBSE > Class 10 > Social Science

1 answers

Prashant Kumar 4 years, 8 months ago

Deposits in the bank account which are payable on demand are called demand deposits. Banks accept deposits from number of people. Some part of that money is given out as loan and the other part is kept with the banks for making payments. So the money is safe with the banks.

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CBSE > Class 10 > Social Science