Banks are in the business not only of moving money from one place to another but also of charging fees to move some of that money to their own coffers.

Name: Banks are in the business not only of moving money from one place to another but also of charging fees to move some of that money to their own coffers.
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Question

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Banks make money by charging various fees to customers, including transaction fees, overdraft fees, and ATM fees, among others. These fees help banks to generate revenue and profit.

Banks Are in the Business Not Only of Moving Money