studentsuccess
studentsuccess studentsuccess
  • 24-02-2017
  • Social Studies
contestada

How do banks earn their profits?

Respuesta :

amospark0967
amospark0967 amospark0967
  • 24-02-2017
 The answer should be banks lend money to customers at a higher rate than they pay to depositors or than they borrow it. The difference, known as the margin or turn, is kept by the bank. For example, if a bank pays 1% interest on deposits, they may charge 6% interest on loans.
Answer Link

Otras preguntas

What could happen during pregnancy and Birth that could cause a disability
As a result of the Human Genome Project, a gene map of the entire human genome was produced. A gene map shows
3. When a company shifts from a traditional cost system in which overhead is applied based on direct labor-hours to an activity-based costing system in which th
Canister Industries uses labor hours to apply variable overhead to production. If the company's workers were very inefficient during the period, which of the fo
How did divisions between the classes cause the fall of Rome?
Find the product -2x^2(-4x^b - 2x^3 + 5x) 1. -8x^a+b - 4x^a+3 - 10x^a+1 2. 8x^a+b + 4x^3a - 10x^a 3. 8x^a+b + 4x^a+3 - 10x^a+1
can any one pls write a speech on or about teachers
(x + y + 2)(y + 1) what is equivelnt to this?
An employee may reveal his employer’s confidential information only (check all that apply) when required by law or court order with a fully informed employer’s
15- -10 x -20 divided by (12 + -8) What is the answer?