Banking

Question 1

When do banks make money from deposits?

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when banks loan the money to another consumer

Question 2

✔ $4,274$10,000$14,274

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✔ $4,274; The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.: $4,274; The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.: five; The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.: $1,428

Question 3

✔ fivetenfifteen

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✔ five

Question 4

$322✔ $1,428 $11,322

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✔ $1,428

Question 5

Question 28444

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Interest rates reached their peak in at about .During the year , buying a $100,000 house would result in the highest interest rate.: 1982; Interest rates reached their peak in at about .During the year , buying a $100,000 house would result in the highest interest rate.: 18%

Question 6

13%15%✔ 18%

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✔ 18%

Question 7

19781979✔ 1982

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✔ 1982

Question 8

1980✔ 19821983

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✔ 1982; Interest rates reached their peak in at about .During the year , buying a $100,000 house would result in the highest interest rate.: 1982; Interest rates reached their peak in at about .During the year , buying a $100,000 house would result in the highest interest rate.: 18%

Banking Answers

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