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Anonymous Anonymous
  • 01-02-2016
  • History
Answered

Banks channel money from savers to borrowers to

Verified Answer :

HistoryGuy HistoryGuy
  • 01-02-2016

Banks channel money from savers to borrowers in order to make money off of the "interest" that is charged by the bank to the person or firm taking out a loan. A portion of this interest is also paid to the original "saver".

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