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Alex787 [66]
3 years ago
12

Banks provide a number of services including all of the following except __________.

Mathematics
1 answer:
olchik [2.2K]3 years ago
7 0

Answer:

A. Payday Lending

Explanation:

Payday Lending is common for <em>small lending companies</em> and <u>not banks</u>. They assist clients who have a <em>minimal amount of salary</em> to borrow <u>a small amount of money with a high interest.</u> The amount of money he can borrow will depend on the amount of salary he receives per month. <em>The client will not be required to give any form of collateral</em> for the borrowed money, thus, the client is said to be <em>high-risk</em>. However, he will have to return the money over a<em> short period of time</em> with an interest rate that is high. Though it is easy to get a loan with this kind of service, you have to make sure that you are employed.

<em>Banks prefer to offer loans to people who have a steady income and a certain amount of salary.  </em>

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