General Knowledge MCQ
Which of the following acts as a mediator between those who have surplus funds and those who are in need of these funds?
(A) RBI
(B) Bank
(C) The government
(D) The president
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Banking Exams
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A bank acts as a mediator (intermediary) between people who have surplus funds (depositors) and those who need funds (borrowers). Banks accept deposits from savers and lend money to individuals or businesses, helping in the smooth flow of money in the economy.