What are the major sources of funds for banks in Australia? What are the major uses of funds for banks inAustralia
Question
Solution 1
Major Sources of Funds for Banks in Australia:
Deposits: This is the most common source of funds for banks. Customers deposit their money into the bank for safekeeping and the bank uses this money to lend to other customers.
Borrowings: Banks also borrow money from other banks or financial i Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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