Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How does the bank make a profit? They borrow money from savers and lend money to borrowers. The difference represents a profit to the bank.

How does the bank make a profit? They borrow money from savers and lend money to borrowers. The difference represents a profit to the bank. All of the choices represent ways a bank can make money A bank can make money from making risky investments in loans. A bank can make money by providing services such as checking accounts and other payment services

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Stephen d. Williamson

5th edition

132991330, 978-0132991339

More Books

Students also viewed these Economics questions