💡How Do Banks Really Work? Here's a Simple Visual Guide! 🏦
1️⃣ Banks take deposits from customers at ~4% interest.
2️⃣ They lend that money to borrowers at ~10% interest.
💰 The 6% spread is their profit.
🔍 Key Banking Terms You Should Know:
India is the 2nd largest producer of tobacco in the world after China. India is the 4th largest producer of FCV tobacco in the world after China, Brazil and Zimbabwe.
As of 2021, India's civil aviation market is the third largest in the world, behind the United States and China. India's domestic aviation market is also the third largest in the world, surpassing Brazil and Indonesia.
