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Banks channel money from savers to borrowers to _____.

Kevin Sutter

in Chemistry

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Jeffrey Rodriguez on February 17, 2018

ANSWER: Inverter / LendersEXPLANATION: Banks channel money from savers to borrowers to the lenders or investors. It is the job of the bank to receive the money from savers and pay interest on the amount of money saved with the bank. Simultaneously, the banks invest this money to lenders or investors that are commercial firms such as the loans where they earn interest. The difference between the interest received by the bank from investors and the interest paid to savers is the gain of the bank.


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