How do commercial banks make money? What will be an ideal response?
QUESTION
How do commercial banks make money?
What will be an ideal response?
ANSWER
Answer: Commercial banks make money in three ways: (1) by charging interest on loans, (2) by charging fees for other services, and (3) by offering other financial products.
Explanation: Commercial banks make money in three ways: (1) by charging interest on loans, (2) by charging fees for other services, and (3) by offering other financial products.
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