2. Questions Bank
  3. 10th Class
  4. Social Science
  5. Money and Credit

10th Class Social Science Money and Credit Question Bank Very Short Answer Type - Money and Credit

  • question_answer
    What is the main source of income of the banks, if they forward the depositor's money to the lender?

    Answer:

    Banks charge a higher rate of interest on loans than what they offer on deposits. The difference between what is charged from borrowers and what is paid to depositors is their main source of income.


You need to login to perform this action.
You will be redirected in 3 sec spinner