QUESTION IMAGE
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.
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.
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A. Give loans to consumers and businesses.