Sign In
Ask Question
Business
Lacey Raymond
12 April, 07:42
Banks pay interest to customers through a
+3
Answers (
1
)
Pablo Koch
12 April, 10:18
0
Hey There Nat,
Banks pay interest to customers through a
Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. After paying for various costs, the banks pay money on savings deposits to attract new savers and keep the ones they have.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“Banks pay interest to customers through a ...”
in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which tax is used to support healthcare costs for retirees? A. excise tax B. Social Security tax C. Medicare tax D. progressive tax
Answers (2)
Big Tree Lumber has earnings per share of $1.36. The firm's earnings have been increasing at an average rate of 2.9 percent annually and are expected to continue doing so. The firm has 21,500 shares of stock outstanding at a price per share of $23.
Answers (1)
The Bonita Vista Golf & Country Club details the following accounts in its financial statements. Classify each of the following accounts as an asset, liability, stockholders' equity, revenue, or expense item.
Answers (2)
When you are interpreting financial ratios, it is useful to compare a company's ratios to some form of standard. true?
Answers (1)
The journal entry to record direct labor for Department A and Department B would include a. a decrease to Work in Process for each department individually. b. a decrease to Work in Process for both departments summed together. c.
Answers (1)
New Questions in Business
In a certain economy, the components of planned spending are given by: C = 500 + 0.8 (Y - T) - 300r Ip = 200 - 400r G = 200 NX = 10 T = 150 Given the information about the economy above, which expression below gives autonomous expenditures? A.
Answers (1)
What would happen to the buying power of your investment after one year if your rate of return was 8% and the rate of inflation was 3%?
Answers (1)
Which payment method would you use if you want purchases to come straight from your checking account so that you always know how much you have in the bank?
Answers (1)
What complex issues make it difficult for Early Childhood Education professionals to partner with families?
Answers (1)
The chairman of the federal reserve board can accelerate economic activity by lowering interest rates. what primary method does the federal reserve use to accomplish this?
Answers (1)
Home
»
Business
» Banks pay interest to customers through a
Sign In
Sign Up
Forgot Password?