Question

question 10 of 10
when a customer opens a bank savings account, the bank, essentially, becomes a(n) ______.

a. lender
b. saver
c. borrower
d. investor

Explanation:

When a customer opens a savings account, they deposit money into the bank. From the bank's perspective, it is receiving money (the deposit) and essentially "borrowing" that money (it owes the customer the deposited amount and typically pays interest on it). A lender provides money to others, a saver is the one depositing (the customer here), and an investor uses money to gain returns (not the bank's role in this context). So the bank becomes a borrower.

Answer:

C. borrower