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What is the goal of a bank? to store money to give customers money to make a profit
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What is the goal of a bank? to store money to give customers money to make a profit

User Dowwie
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18 votes

Answer:

Just like any other business, the goal of a bank is to earn a profit for its owners. For most banks, the owners are their shareholders. Banks do this by charging more interest on the loans and other debt they issue to borrowers than they pay to people who use their savings vehicles.

Step-by-step explanation:

User Yadiel
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21 votes

Main purpose of banks

  • Keep money safe for customers

  • Offer customers interest on deposits, helping to protect against money losing value against inflation.

  • Lending money to firms, customers and homebuyers.

  • Offering financial advice and related financial services, such as insurance
User Dingo
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