The interest charged on loans is determined by the ______...
The interest charged on loans is determined by the __________?
Exchange rate
Fiscal policy
Risk associated with the loan
Rate of production in the country
Correct answer is C
They make money on the interest they charge on loans because that interest is higher than the interest they pay on depositors' accounts. The interest rate a bank charges its borrowers depends on both the number of people who want to borrow and the amount of money the bank has available to lend.
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