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3.why do banks require a customer to contribute some of the capital required for a project ?
Expert Solution
Capital is financial cushion against loss. Banks face many uncertainties with regard to loan repayments (borrowers may fail to repay) and bank's investment value might have fallen due to market conditions.,
Without a capital cushion, the banks may go for bankruptcy.
Banks usually raise capital from the customers in the form of charges for various services they provide for opening a bank account, availing loans from the bank, withdrawing etc..,
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