Banks and other financial institutions use savings deposits to help borrowers by A) using deposits to make loans. B) keeping dep

Question

Svetllana [295]

3 years ago

9

Banks and other financial institutions use savings deposits to help borrowers by A) using deposits to make loans. B) keeping dep

osits to earn interest. C) saving deposits in a secure vault. D) spending deposits to improve the bank's safety.

Social Studies

2 answers:

blondinia [14] · Answer 1 · 2022-08-03T15:22:54+03:00

blondinia [14]3 years ago

7 0

Its A... I like 99.99% sure it's A. because you have to pay back what you borrowed from the banm

ozzi · Answer 2 · 2022-08-03T16:47:35+03:00

The answer is A.

Banks and other financial institutions use savings deposits to make loans to borrowers and they earn interest from the loans they make using those deposits.

These institutions help borrowers by lending large amounts of money to be paid in large periods of time.