Question

Banks are businesses. Like other banks, they seek profit. What goods or services do banks offer customers? How do they earn profit?

Answer 1

The banks lend money to customers at a higher rate than they pay to depositors or than they borrow it. The difference, known as the margin or turn, is kept by the bank. For example, if a bank pays 1% interest on deposits, they may charge 6% interest on loans.

Answer 2

I HAVE NO CLUE

Answer 3

www.risksandrewards.org.uk/background_banks_151.html

Answer 4

http://money.howstuffworks.com/personal-finance/banking/bank4.htm

Answer 5

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Answer 6

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Answer 7

:)

Answer 8

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