How bank earn profit? Give idea about it.
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1
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Bank earn profit because they working for us to transfer money and add money easily in our bank account
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...«❤ANSWER ❤»...
The banks lend money to customers at a higher rate than they pay to depositors or than they borrow it. The difference, known as the margin or turn, is kept by the bank. For example, if a bank pays 1% interest on deposits, they may charge 6% interest on loans.
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