Why do banks lend money? A. Because they are hoping to trick borrowers into ruining their credit B. Because banks make money from the interest the borrower pays to use the money C. Because otherwise banks would have too much money to be stored in their vaults D. Because it is expected by society

Question

Kylie

Business

19 November, 13:10

Why do banks lend money? A. Because they are hoping to trick borrowers into ruining their credit B. Because banks make money from the interest the borrower pays to use the money C. Because otherwise banks would have too much money to be stored in their vaults D. Because it is expected by society

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Answers (2)

Know the Answer?

Tiara · Answer 1

the anwser is D

Malachi Meza · Answer 2

Answer: B

Explanation:Banks lend money to make more money on the amount given out as loans.

One of the main reason a bank is set up is to make profit. As a business, one of the ways a bank can make profit is by giving out loans with interest at an agreed rate for a particular period of time.