QUESTION IMAGE
Question
storing money
when do banks make money from deposits?
○ when people withdraw money from their account
○ when banks pay interest to account holders
○ when people add money to their account
○ when banks loan the money to another consumer
Brief Explanations
Banks earn money from deposits primarily by lending deposited funds to other consumers at a higher interest rate than they pay to depositors. Withdrawals, adding money, or paying interest to account holders do not generate revenue for banks from deposits.
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D. when banks loan the money to another consumer