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5 May, 06:52

What is the largest source of income for banks?

a. the interest they receive from loans

b. fees charged to customers for accounts

c. money deposited in savings accounts

d. special accounts such as NOW accounts

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Answers (1)
  1. 5 May, 07:11
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    A. The interest they receive from loans is the largest source of income for banks. From a bank’s perspective, the interest from the loans granted to the customers is an income. Banks earn interest income generated from the loans granted.
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