Register

Why can a bank afford to pay an interest rate on a savings account

Why can a bank afford to pay an interest rate on a savings account
asked 37.8k views
5 votes
Why can a bank afford to pay an interest rate on a savings account

asked
User Joamag
by
7.2k points

1 Answer

4 votes
They loan out the money in their customers' accounts and charge a higher interest rate on the loans.
answered
User Cebor
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!