answersLogoWhite

0

How can a bank make money?

Updated: 8/17/2019
User Avatar

Wiki User

15y ago

Best Answer

Banks make money off of the interest that comes from loans. When someone takes out a loan, he pays back more money than he borrowed. That money becomes the bank's profit.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can a bank make money?
Write your answer...
Submit
Still have questions?
magnify glass
imp