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How do act as connecting link between depositers and barrowers |
Answer» <html><body><p>Deposits must be withdrawn able: The deposits (other than <a href="https://interviewquestions.tuteehub.com/tag/fixed-457597" style="font-weight:bold;" target="_blank" title="Click to know more about FIXED">FIXED</a> deposits) made by the public can be withdraw able by cheques, draft or otherwise, i.e., the bank issue and pay cheques. <a href="https://interviewquestions.tuteehub.com/tag/3-301577" style="font-weight:bold;" target="_blank" title="Click to know more about 3">3</a>. Dealing with credit: The banks are the <a href="https://interviewquestions.tuteehub.com/tag/institutions-1046310" style="font-weight:bold;" target="_blank" title="Click to know more about INSTITUTIONS">INSTITUTIONS</a> that can create credit i.e., creation of additional <a href="https://interviewquestions.tuteehub.com/tag/money-25502" style="font-weight:bold;" target="_blank" title="Click to know more about MONEY">MONEY</a> for lending.Explanation:</p></body></html> | |