Why is there a difference between interest charged and interest earned? a)banks are non-profit institutions. b)banks are profit-making institutions. c)banks must pay more than they receive. d)there is no difference between interest charged and interest earned.

The correct answer is choice b.

Banks are profit-making institutions. Their purpose is to make a profit for their owners or stockholders. They need to charge more interest on the money that they loan out than what they pay on savings accounts so that there is a profit for them.

hi.

i'm not sure about the answer, but, i would say c. *when the recipient was not included on the original email.*

hope this , well if it's right. uwu

merry christmas! ^-^

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