Sign In
Ask Question
Dominique Cruz
Business
13 February, 09:40
How much money do a bank make daily
+5
Answers (
1
)
Abigayle Bautista
13 February, 09:41
0
On savings accounts, banks make money by paying depositors virtually no interest. Most major banks pay an interest rate of only 0.01% on their savings accounts. And then they use the money customers deposit to make loans at much higher rates. So, we are basically giving interest-free loans to banks. and by the end of the year they will have over a million dollars.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“How much money do a bank make daily ...”
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
You Might be Interested in
Why might soviet economic planners have favored heavy industry over the makers of consumer goods? the products of heavy industry provided material for many other industries. the products of heavy industry brought in more money.
Answers (1)
Mr. Jenkins is interested in enrolling in a Medicare cost plan and has sought your advice. What would you tell him?
Answers (1)
In addition to the new designer, Burberry also stepped up its involvement in social media, relationships with style magazines and connecting with high-profile trendsetters. This is an example of which concept?
Answers (1)
Suppose the following information: The cost of a full-page color ad in the U. S. national edition of The Wall Street Journal (newspaper) is $327,897 and its U. S. audience size is 1,566,027. The cost of a full-page color ad in the U. S.
Answers (1)
The amount of federal income tax withheld from employee pay depends on the employee's income and the number of withholding allowances claimed by the employee.
Answers (1)
New Questions in Business
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)
During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.
Answers (2)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).
Answers (1)
Name and describe the four basic types of fees and cost a franchise owner must pay
Answers (1)
Home
»
Business
» How much money do a bank make daily
Sign In
Sign Up
Forgot Password?