Ask Question
20 February, 18:30

Where do banks get money to lend to borrowers?

the bank's management

shareholders

the government

depositors

+2
Answers (1)
  1. 20 February, 20:00
    0
    As mentioned before, banks basically make money by lending money at rates higher than the cost of the money they lend. More specifically, banks collect interest on loans and interest payments from the debt securities they own, and pay interest on deposits, CDs, and short-term borrowings.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Where do banks get money to lend to borrowers? the bank's management shareholders the government depositors ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers