mention any one source of revenue for the bank
Answers
Answered by
3
Explanation:
The main source of income for banks is interest. Generally, a bank pays out lower interests on deposits than it receives on loans. Banks also charge fees for other services such as account charges and pool deposits then invest.
Answered by
1
Answer:
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.
Hope it helps you :)
Similar questions