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Jlenok [28]
3 years ago
11

How much money do a bank make daily

Business
1 answer:
ZanzabumX [31]3 years ago
8 0

On savings accounts, banks make money by paying depositors virtually no interest. Most major banks pay an interest rate of only 0.01% on their savings accounts. And then they use the money customers deposit to make loans at much higher rates. So, we are basically giving interest-free loans to banks. and by the end of the year they will have over a million dollars.

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Answer:

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