Which of the following is correct about banks?
A) Banks are financial intermediaries that do not get funds from depositors.
B) Banks attract deposits from savers to lend to borrowers, and earn a profit on the difference between the interest paid by depositors and the interest charged to borrowers.
C) Banks aim to attract home buyers.
D) Banks do not feel the need to inspire depositor confidence.
E) None of these statements are correct.
Correct Answer:
Verified
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