Post
Topic
Board Economics
Re: How the Bank works to make money?
by
ZeroBTC1
on 31/08/2018, 16:06:08 UTC
How do you think banks make money, how does a bank make money to pay its employees and business operational?
Does the bank rely solely on interest on loans from banks?
The bank does not rely on interest accrued from loans alone. There are so many other ways they make money such as deductions from customers accounts for text messages, printing of statements, cheque books, account maintenance fees, etc.