126k views
4 votes
Bank get most of the money to loan out to people from

A taxes charged by banks
B the government
C other banks
D people that deposit money in the bank for safekeeping

User HalloDu
by
7.6k points

2 Answers

5 votes

Answer:

D!!

Explanation:

User Daniel Cheung
by
8.8k points
6 votes
correct answer: "D people that deposit money in the bank for safekeeping"

The bank uses people's savings to loan money. They usually keep a fraction of what they have in store in case the person that has the money in the bank ask it back. For example, if $5000 are deposited in the bank, for savings, the bank could lend out $4500 of it.
The taxes charged by banks are used for the bank keeping.
User Matt Aft
by
8.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories