How do act as connecting link between depositers and barrowers – InterviewSolution

1.	How do act as connecting link between depositers and barrowers
Answer» Deposits must be withdrawn able: The deposits (other than FIXED deposits) made by the public can be withdraw able by cheques, draft or otherwise, i.e., the bank issue and pay cheques. 3. Dealing with credit: The banks are the INSTITUTIONS that can create credit i.e., creation of additional MONEY for lending.Explanation:

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