Social Sciences, asked by maheshwarishiv123, 3 months ago

what does samoney lender do

Answers

Answered by SujithaReddy1

2

Explanation:

Banks and other lenders are in business to make money. Financial institutions pay a low interest rate on depositor accounts such as savings and money market accounts, then use that money to lend money to borrowers at a higher interest rate in the form of loans and credit cards.

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