This statement is false. Actually the correct version would be exactly the opposite: Banks and other financial institutions channel money from to INVESTORS to BORROWERS.

Investors deposit money in the bank by the purchase of financial products of very different kinds (savings account, shares, private or public debt, etc). The bank pays some return for this money and, in turn, uses it to lend money to customers who come for a loan or a mortgage (for example). These borrowers need to pay a fee to the bank to obtain the money resquested. The fee is actually a percentage of the total amount lent and it is called interest.

3 0

3 years ago

Which phrase from the story "Po-No-Kah" provides textual evidence for the inference that settling the frontier required exceptio

frozen [14]

The answer is 4 or 1 hope this helps

5 0

3 years ago

This question is from "The Watsons go to Birmingham" Which of the following statements best describes how Kenny is affected by h

marissa [1.9K]

I think its D because he didnt know that blacks were being discriminated that bad.

3 0

3 years ago