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How do credit companies or banks earn a profit when they loan money? by selling stock by taxing accounts by charging interest by loaning to everyone

How do credit companies or banks earn a profit when they loan money? by selling stock by taxing accounts by charging interest by loaning to everyone
asked 135k views
2 votes
How do credit companies or banks earn a profit when they loan money?

by selling stock

by taxing accounts

by charging interest

by loaning to everyone

asked
User Martin Forte
by
8.0k points

2 Answers

6 votes
By taxing accounts. (What they do in my state)
answered
User Chazkii
by
8.8k points
4 votes
3. charging interest
answered
User Matt Walterspieler
by
8.7k points
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