When you deposit money in a bank, you are-
Solution
Correct Answer: Option C
- When you deposit money in a bank, you are essentially lending your money to the bank.
- The bank may pay you interest on your deposit as a form of compensation for using your funds, but you are, in essence, providing the bank with capital that they can use for various purposes, such as making loans to other customers or investing.
- The bank may pay you interest on your deposit as a form of compensation for using your funds, but you are, in essence, providing the bank with capital that they can use for various purposes, such as making loans to other customers or investing.
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