A bank can make money by:
A) storing and locking away all the deposits made by consumers.
B) giving you a particular interest return on your savings and then loaning out the same money at a lower rate of interest.
C) giving you a particular interest return on your savings and then loaning out the same money at a higher rate of interest.
D) borrowing money from the government at 0% interest.
Correct Answer:
Verified
Q1: The three major pillars of the financial
Q2: One of the important tasks that banks
Q3: Which of the following tasks are performed
Q5: Banks spread the risk of lending money
Q6: You go to the bank and deposit
Q7: You go to the bank and deposit
Q8: You go to the bank and deposit
Q9: Banks solve information problems by:
A)finding out the
Q10: You use your bank debit card to
Q11: Maturity transformation occurs when banks:
A)provide payment services.
B)assess
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents