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Economy
convict convict Dec 27, 2020

How do the deposits with banks become their source of income?​

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Answer. Banks use a major portion of the deposits to extend loans to people for various economic activities. ... Therefore, the difference between what is charged from the borrowers and what is paid to the depositors is the source of income of the banks.
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Centrirgas Centrirgas
Dec 27, 2020
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