Banks must compete for funds (savings deposits,CD's,etc.)in order to make loans and other types of investments.

Name: Banks must compete for funds (savings deposits,CD's,etc.)in order to make loans and other types of investments.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Banks need funds in order to make loans and investments, and they compete with each other for these funds through various marketing and advertising strategies. Banks also offer different interest rates and incentives to attract deposits from customers.

Banks Must Compete for Funds (Savings Deposits,CD's,etc