how do banks get their profit
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through charging rate of interest to the borrowers and less rate of interest to depositors.
shivamshiv:
this is not primary source
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Bank are systems or place we're most of official money transfer takes place so that they are places were we could obtain loans and these loans are from the deposits which people do in bank .thus they give loans and charge a high interest as compared to interest paided to the depositions thus it's the main source of income for bank
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