Question

what is the largest income source for banks??please help class 6

Answer 1

Interest is your answer mate

Banking services—remain the single largest source of noninterest income at most U.S. banking companies.

• Make me brainliest

1. Banks generally make money by borrowing money from depositors and compensating them with a certain interest rate.

Answer 2

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

1 Interest on loans: ...

2 Interest on investments: ...

3 Fees income: ...

4 Forex operations: ...

5 Commission on third party products