In obtaining a home loan , which of the following might be considered as collateral?
A borrower comes into the bank and pays off 100 Rupees of his loan. This was a cash payment by the borrower to the bank. What will the bank do because of this loan repayment?
In which of the following cases must the borrower pay back the loan with his/her own savings?
A borrower comes into the bank and pays off 100 Rupees of his loan. This was a cash payment by the borrower to the bank. What happens to this bank’s reserves?