Banks act as mediators between depositors and .

consumers

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borrowers

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lenders

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RBI

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Solution

The correct option is B borrowers
People deposit funds in banks, which lend this money to the individuals or firms in need. The one who borrows funds from a bank is known as a borrower.

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Q15.The difference between the interest paid to the depositors and the interest charged on the borrower by a bank is called

Bank deposits of cash by depositors is called:

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