A non-state institution, where society relies when it comes to keeping their wealth. It provides a safe place to save excess cash, known as deposits.
Select one:
a. Firms
b. Corporation
c. Government
d. Banks ✔
BANKS
is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be performed either directly or indirectly through capital markets.
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Answer:
Yes Its Right, Banks is. . .