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question 11 3 pts banks use savings account deposits to: google transla…

Question

question 11
3 pts
banks use savings account deposits to:
google translate

  • give loans to consumers and businesses.
  • improve the quality of life in low- income communities.
  • make their services and products attractive for new depositors.
  • pay for employee special projects.

Explanation:

Brief Explanations

Banks' primary function with savings account deposits is to lend money to consumers (for things like mortgages, car loans) and businesses (for operations, expansions). The other options: improving low - income communities' quality of life is not a direct use of savings deposits, making services attractive is about marketing (not deposit use), and paying for employee special projects is not a typical bank activity with deposits.

Answer:

A. Give loans to consumers and businesses.