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Ludmilka [50]
3 years ago
7

What do banks do with money we deposit?

History
1 answer:
Zielflug [23.3K]3 years ago
3 0

Well, the bank <em>primarily </em>does two things: loan the money we put into the bank, and pay interest annually to your account. The interest is basically to say: since we are loaning <em>your money </em>to other people, we'll pay (and this is just an example) 10% interest of what you put in your bank account.

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Explanation:

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