Ask Question
25 May, 21:25

Banks channel money from savers to borrowers to

+2
Answers (1)
  1. 26 May, 00:14
    0
    Banks channel money from savers to borrowers in order to make money off of the "interest" that is charged by the bank to the person or firm taking out a loan. A portion of this interest is also paid to the original "saver".
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Banks channel money from savers to borrowers to ...” in 📘 History 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