Ques)Explain Banking.

1.	Ques)Explain Banking.
Answer» Answer: So a person Y says to all people A-Z, that hey comeon give me your money, to keep it safe. Also since you TRUST me ill give some interest ( read extra money ) because you trusted me. Then Y also tells everyone from A-Z that hey id you need money come to me, Ill give you what you need but will charge you for my service. Charges are MUCH higher than what he will give you for a deposit. Assuming A-Z has millions of people you can PROBABLY understand how BANKS eventually become so big and profitable.

Answer»

Answer:

So a person Y says to all people A-Z, that hey comeon give me your money, to keep it safe.

Also since you TRUST me ill give some interest ( read extra money ) because you trusted me.

Then Y also tells everyone from A-Z that hey id you need money come to me, Ill give you what you need but will charge you for my service.

Charges are MUCH higher than what he will give you for a deposit.

Assuming A-Z has millions of people you can PROBABLY understand how BANKS eventually become so big and profitable.

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