Question

main source of income for a bank .. ? class 5

Answer 1

Answer:

Interest

Explanation:

Interest received on various loans and advances to industries, corporates and individuals is bank's main source of income.

The interest received on these loans is their main source of income

Answer 2

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The main source of income for banks is the difference between interest rate charged from borrowers and what is paid to depositors. After keeping a portion of deposits as reserves banks lend to people who demand money as loan and bank charges interest from them.