Question

question 21
3.5 pts
what is the largest source of income for banks?
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○ interest it receives on loans to customers
○ interest it pays on savings accounts and other deposits
○ fees charged for atms and checking accounts
○ money earned from investing in the stock market

Explanation:

Banks primarily generate income by lending money to customers (like personal loans, mortgages, business loans) and charging interest on those loans. The interest paid on deposits is an expense for banks, ATM and checking account fees are supplementary income, and investing in the stock market is not the primary or largest income source for most banks. So the largest source is the interest from loans to customers.

Answer:

A. interest it receives on loans to customers