Question

@austinL
Why might an individual want to use a bank? What are the costs to the person? What are the benefits?

Answer 1

An individual may want to use a bank to acquire money at the right time to do a job in time. A person may take a loan from a bank to finish a job and earn profits from it.
Another reason why people use banks is to store money safely and earn profits on that.

Answer 2

Thanks for the help. :)

Answer 3

The person has to return the loan with some interest rate.

Answer 4

You're most welcome Kayla! :)