Law High School

What is the main reason banks loan money to consumers?
To eliminate economic problems
To make money
To provide a free service
To meet government regulations

Answers

Answer 1

Answer:

The answer is to make money.

Banks will loan you money and then charge you a high interest rate to pay back on top of the money you loaned

Explanation:

Answer 2

The main reason that banks loan money to consumers is to make money by earning interest income.

What do you mean by banks?

Banks refer to the financial institution that receives deposits and makes loans. These commercial banks are regulated by the national government or central bank.

The main reason that banks loan money is to make money through interest income. Commercial banks end money at all times by charging different interest rates to different customers.

Therefore, B is the correct option.

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Related Questions

Bankruptcy law is handled by which type of court?
O Local courts
O State courts
O Federal courts
O International courts

Answers

Federal Courts are responsible for handling bankruptcy.

What does the Constitution reflect of the country’s founders?


a. their vision

b. their protective powers

c. their optimism

d. their future planning

Answers

Answer:

d. their future planning

Explanation:

The government created by the constitution reflects the philosophies of the founding fathers because part of them created the model that permitted the elaboration of the constitution, while the other parts influenced it indirectly.

Answer:

i would say D because it is the most reasonable

Explanation:

How to understand animal crossing language?

Answers

Answer:

Generally, each letter spoken is matched and synthesized with the basic sound of the letter, leading to mispronunciation of some words. (For instance, "Animal Crossing" would be pronounced "Ah-n-ih-m-ah-l c-r-o-s-s-ih-n-g".)

Explanation:

Answer:

technically you could slow down the speech and it would be some what understandable but usually its a bit impossible to understand completely because its broken and sped up speech.

Explanation:

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