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Q.

Banks use it to make loans by obtaining a specific amount of deposits from borrowers as ____.


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Detailed Solution

Banks use it to make loans by obtaining a specific amount of deposits from borrowers as "demand deposits.".
Every bank required money to provide loans and control inflation in the economy. This can be done with demand deposits, as the cash is deposited in the banks as a form of investment by the citizens. This can be withdrawn at any time, whenever it is required. It holds equal value to money and is widely accepted as payment, along with the currency. These are also accepted as a form of payment through a cheque in place of cash.
 
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