Banks pay their customers interest on the money in their accounts for what reason? A. That money earns interest when the bank loans it out. B. They are sharing the bank's profits instead of paying dividends. C. The government sets a minimum interest rate for customers. D. They want to keep their customers happy so they'll be loyal.

2b2t

Question

Jolee

Business

20 January, 23:42

Banks pay their customers interest on the money in their accounts for what reason? A. That money earns interest when the bank loans it out. B. They are sharing the bank's profits instead of paying dividends. C. The government sets a minimum interest rate for customers. D. They want to keep their customers happy so they'll be loyal.

2b2t

+5

Answers (1)

Know the Answer?

Jensen Arnold · Answer 1

A. That money earns interest when the bank loans it out.

Explanation:

Banks pay their customers interest on the money in their accounts because that money earns interest when the bank loans it out.