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Why do banks loan people money?

Ralph Lopez

in Student Loans

1 answer

1 answer

James Washington on November 17, 2018

The banks loan people money, because it is the way in which banks earn money. The bank will loan the money to the people, and the people will have to pay interest to the bank will earn money just by lending money to the people. That is why the banks owners get so rich. Van loan of money to a lot of people and they will put a high interest. When they receive the money back, they will earn money without doing any work.

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