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DaniilM [7]
3 years ago
8

Phil deposits his money in the bank and earns _____. The bank uses part of Phil's money to make _____.

Business
2 answers:
abruzzese [7]3 years ago
8 0

Answer:

Interest, Loans

Explanation:

In the following situation, Phil gets an interest amount in his credited balance in his bank, and the bank uses Phil's credit money to provide loans to others and get benefited.

Bank's basic function is to take money from His account holder and invest the money on higher interest rates as a loan to others and take to get benefited.

luda_lava [24]3 years ago
3 0

Answer:

the correct answer is interest, loans

Explanation:

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