6.3k views
4 votes
Please Help!

Banks are businesses. Like other banks, they seek profit. How do they earn profit?
Please answer as if you were explaining it to elementary students.

User Pavla
by
3.6k points

1 Answer

4 votes

Answer:

Banks are businesses. Like other businesses, they seek profit. ... Banks allow depositors to earn interest on their money, and they can supply borrowers with loans to buy houses, cars, etc. The interest from these loans is one of they ways they profit.

User Sudhanshu Vohra
by
4.8k points