asked 213k views
0 votes
Why do banks lend money? A. Because they are hoping to trick borrowers into ruining their credit B. Because banks make money from the interest the borrower pays to use the money C. Because otherwise banks would have too much money to be stored in their vaults D. Because it is expected by society

2 Answers

6 votes

Answer:

the anwser is D

Step-by-step explanation:

answered
User Khalid Taha
by
8.6k points
6 votes

Answer: B

Explanation:Banks lend money to make more money on the amount given out as loans.

One of the main reason a bank is set up is to make profit. As a business, one of the ways a bank can make profit is by giving out loans with interest at an agreed rate for a particular period of time.

answered
User Mils
by
7.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.