Question

discuss the difference between interest for a savings account and a loan.

Answer 1

Answer:

Ctrl+N (in excel)

Hope it helps

Answer 2

Answer:

The primary difference is the way each is regulated, which determines the type of banking products they offer. Commercial banks and savings and loans issue loans to consumers for mortgages, cars, personal loans and credit cards. Both commercial banks and S&Ls also make loans to businesses and government agencies.

happy to help