Ask Question
31 August, 15:46

The main source of profit for financial institutions is

+3
Answers (1)
  1. 31 August, 16:13
    0
    Answer: The main source of profit for financial institutions is the interest that they collect on the money that they have loaned out.

    Explanation: The primary source of profit for financial institutions is the interest that it collects on the money that it has loaned out. Other sources of income include service charges on accounts and the sale of repossessed items, but they do not earn as much income on these items as they do on interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The main source of profit for financial institutions is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers