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Tatyana Henry
on Nov 11, 2024

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Banks earn a profit by offering loans at higher interest rates than they pay savers.

Loans

Money, goods, or services provided to an individual or entity with the expectation of repayment over time with interest.

Interest Rates

The cost of borrowing money, typically expressed as an annual percentage of the loan amount.

Savers

Individuals or entities that set aside a portion of their income for future use, often by depositing it in financial accounts.

  • Absorb the foundational aspects of banking systems and the dynamics of their operations.
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Esmeralda ReyesNov 14, 2024
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