Sam earns 1% interest on the money he has in a savings account. his dad plans to borrow money from the bank where sam keeps his money. his dad will have to pay 5% interest on the money he borrows. based on this information, which sentence is true?
group of answer choices

banks make money available to borrowers so people can pay for things they need.

banks base the amount of interest they charge on what people are willing to pay.

banks charge a lower rate for money borrowed than for money deposited.

banks earn money on the difference between what they charge to borrow money and what it pays in interest.