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Harman [31]
3 years ago
15

How do banks make money off of the credit they issue

Business
1 answer:
LenaWriter [7]3 years ago
3 0

Answer:

The primary way that banks make money is interest from credit card accounts. When a cardholder fails to repay their entire balance in a given month, interest fees are charged to the account. ... When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing ban

Explanation:

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