Social Studies

Danica Oliver

19 February, 09:15

Bank L offers lower interest rates on loans than Bank H. Which of the following is the most likely reason for the varied interest rates?

Question 4 options:

Bank H is trying to attract customers by offering a higher loan interest rate.

Bank L is trying to attract more customers by offering a lower loan interest rate.

Bank L does not need as much money as Bank H.

Bank H needs more money than Bank L.