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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit1 Mark
Question
What do banks do with the money we deposit there?
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Answer

Banks charge higher interest rate Sunt on loans than what they offer on deposits. The difference of interest is the main source of income of banks.

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