Social Sciences, asked by ishasaxena477, 10 months ago

how do banks earn ? ( economics) ​

Answers

Answered by harshas91
1

Answer:

bank earn by the interest difference between deposited and borrower .

Answered by indrajeet13062
1

Answer:

Banks basically make money by lending money at interest rates higher than the cost of the money they borrow. ... The interest that the banks collect on loans is more than the interest they pay to customers with savings accounts etc., and the difference is the profit for the banks.

Explanation:

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