best answer > How does a bank make a profit 2024?- QuesHub | Better Than Quora
  • How does a bank make a profit 2024?

    Banks money

    Questioner:Taylor Davis 2023-05-07 11:50:51
The most authoritative answer in 2024
  • Lucas Gonzales——Works at the International Finance Corporation, Lives in Washington, D.C., USA.

    It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts--and the difference is the banks' profit.read more >>
    +119962023-05-15 11:50:51

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