Banks pay their customers interest on the money in their accounts for what reason? A. That money earns interest when the bank loans it out. B. They are sharing the bank's profits instead of paying dividends. C. The government sets a minimum interest rate for customers. D. They want to keep their customers happy so they'll be loyal.

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Business

Leyla Cooper

4 November, 18:18

Banks pay their customers interest on the money in their accounts for what reason? A. That money earns interest when the bank loans it out. B. They are sharing the bank's profits instead of paying dividends. C. The government sets a minimum interest rate for customers. D. They want to keep their customers happy so they'll be loyal.

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Answers (1)

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Camryn Arias · Answer 1

A. That money earns interest when the bank loans it out.

Explanation:

Banks pay their customers interest on the money in their accounts because that money earns interest when the bank loans it out.