2. Banks are businesses. Like other banks, they seek profit. What goods or services do banks offer customers? How do they earn profit?

Question

History

Brenna Carney

11 March, 19:05

2. Banks are businesses. Like other banks, they seek profit. What goods or services do banks offer customers? How do they earn profit?

+2

Answers (1)

Know the Answer?

Rene Mcdowell · Answer 1

Banks offer mostly services and practically no goods. Banks allow depositors to earn interest on their money, and they can supply borrowers with loans to buy houses, cars, etc. The interest from these loans is one of they ways they profit.