How do banks make money from giving loans to people and bussinesses?

QAmmunity.org

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Aug 2, 2018 181k views

1 vote

How do banks make money from giving loans to people and bussinesses?

Business
high-school

JezC asked

by JezC

7.7k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

By charging interest, so they're really making money because the people will have to pay the loan back plus some

Lindyblackburn answered Aug 8, 2018

by Lindyblackburn

8.2k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

Related questions

asked Sep 3, 2017 3.3k views

Which of the following was a difference between the policies of roosevelt and those of taft A: roosevelt wanted to break up trusts while taft avoided breakng up big bussinesses B: taft encouraged an aggressive

Pablo Insua asked Sep 3, 2017

by Pablo Insua

7.8k points

History
high-school

2 answers

5 votes

3.3k views

asked Apr 13, 2020 84.9k views

What must bussinesses do in order to meet legal and financial regulations

Plmrlnsnts asked Apr 13, 2020

by Plmrlnsnts

8.1k points

Social Studies
middle-school

1 answer

4 votes

84.9k views

asked Oct 28, 2023 122k views

the following data represent the bachelor of CEO's at area small bussinesses. determine the mode degree.

Checketts asked Oct 28, 2023

by Checketts

8.5k points

Mathematics
college

1 answer

3 votes

122k views

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions