How does bank system work
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HEY MATE, HERE IS YOUR ANSWER,
banks basically make money by lending money at rates higher than the cost of the money they lend. More specifically, banks collect interest on loans and interest payments from the debt securities they own, and pay interest on deposits, CDs, and short-term borrowings.
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banks basically make money by lending money at rates higher than the cost of the money they lend. More specifically, banks collect interest on loans and interest payments from the debt securities they own, and pay interest on deposits, CDs, and short-term borrowings.
#BE BRAINLY
MARK AS BRAINLIEST OR FOLLOW ME!!!!
thakkardishant:
plz mark as brainliest
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