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Banks & Deposits

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on 1/12/20, 6:06 AM 170 views

"The reason that Banks seek to attract deposits, is to use them as contra credits against their clearing house debts to other Banks. Otherwise they are of no use whatever, as they are never on-loaned to others."

Edward Brennan.


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Asked: 1/12/20, 6:06 AM
Seen: 170 times
Last updated: 1/12/20, 6:06 AM