Social Sciences, asked by qwert4342, 7 months ago

WHY BANKS GIVE INTEREST ON THE DEPOSITS MADE BY THGE PEOPLE?

Answers

Answered by Happygirl17088

Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. After paying for various costs, the banks pay money on savings deposits to attract new savers and keep the ones they have

I hope it helps friend

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