Economy, asked by ShivT239, 1 year ago

How banks generate profits

Answers

Answered by shikhartripathi3566

ANSWER

THEY USE THEIR THEIR COUSTMER MONEY TO GIVE LOANS TO PEOPLE BUT BEFORE GIVING LOAN TO PEOPLE THEY ASK 10% OF THE TOTAL AMOUNT FROM THE PERSON AND THIS 10% OF THE MONEY THEY KEEP IT WITH THEM SO BY THIS WAY BANKS GENERATE PROFIT

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