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How does a bank make a profit 2024?

Isabella Turner | 2023-05-07 11:50:51 | page views：1763
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Evelyn Baker

Studied at Stanford University, Lives in Stanford, CA
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.
2023-05-08 11:50:51
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Felix Brown

QuesHub.com delivers expert answers and knowledge to you.
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.
Finance 101: How Do Banks Make Money? - Money Under 30
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