emdolrose
emdolrose emdolrose
  • 18-12-2019
  • Social Studies
contestada

Which of these is the BEST explanation for why banks loan money to individuals?

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nalleitenw
nalleitenw nalleitenw
  • 18-12-2019

The correct answer for this question is the bank would like to earn a profit by charging interest

Explanation: Money raised (deposited) from customers (individuals, companies, industries and / or government) is used by banks to lend to other customers, so banks charge interest and thus help to circulate money.

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