how do banks make money
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6
Answer:
Hey dear...
Explanation:
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
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Answered by
1
Answer:
Mostly they make money from intreast rate given by borrower who take loans. some may fail to pay and be in depth thus the banks here have right to take the asset of borrower.
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