How do banks work?īanks basically make money by lending money at rates higher than the cost of the money they lend. The bank generates profits from the difference in the interest rates has charged and paid. And its substitutes by accepting time and demand deposits, making loans, and investing in securities.
It has defined as a financial institution that has licensed to deal with money.
The banks have the great responsibility of keeping money with full safety.
How to make bank statement using bank statement Generator?īank statement Generator Banks play statement, vital role in the economy of the nation.
