Accountancy, asked by ratan1088, 1 year ago

How banks work and give u interest?​

Answers

Answered by Mindteaser
0

Hey mate here's ur answer :-

Banks work by paying its customers to lend them money. The depositing customer gains a small amount of money in return (interest on savings), and the lending customer pays a larger amount of money to the bank in return (interest on loans). To make money for itself, the bank keeps the difference.

Hope it helps you.

Follow me

Similar questions