What Do Banks Do With Their Deposits?

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07-01-2021
Business

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What Do Banks Do With Their Deposits?

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kurtseytvesura2003 kurtseytvesura2003 · Answer 1 · 2021-01-07T11:33:07-05:00

kurtseytvesura2003 kurtseytvesura2003

07-01-2021

Answer: When a person deposits money into their bank account, the bank can then lend other people that money. The depositing customer gains a small amount of money in return (interest on deposits), and the lending customer pays a larger amount of money to the bank in return (interest on loans).

Explanation: I think

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