How do credit companies or banks earn a profit when they loan money? by selling stock by taxing accounts by charging interest by loaning to everyone

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asked Sep 21, 2019 135k views

2 votes

How do credit companies or banks earn a profit when they loan money?

by selling stock

by taxing accounts

by charging interest

by loaning to everyone

Social Studies
middle-school

Martin Forte asked

by Martin Forte

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2 Answers

6 votes

By taxing accounts. (What they do in my state)

Chazkii answered Sep 21, 2019

by Chazkii

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4 votes

3. charging interest

Matt Walterspieler answered Sep 27, 2019

by Matt Walterspieler

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