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Lady bird [3.3K]
3 years ago
12

What do banks use your deposited money for

Computers and Technology
1 answer:
yawa3891 [41]3 years ago
3 0

Answer:

Net interest margin

When you deposit money into your bank account, you're giving your bank permission to use your money to make loans. Your bank loans your money out to others at a cost to the lendee, in the form of an interest rate (think: mortgages, student loans, car loans, credit cards, etc.).

Explanation:

Hope this helps! :D

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