donnac42387 donnac42387

10-04-2020
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where do banks get money to lend to borrowers? need help asap !!! please and thank you!

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wendy40 wendy40

10-04-2020

Answer:

People and businesses lend money to banks in return for getting a return (interest). Now the banks can lend the money to other people, who pay who pay MORE interest, so the banks keep the difference (profit).

Explanation:

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