5
QuizMultiple Choice

Study Guide and Quiz

Question 5 • 26-27 Ignite Introduction to Business - EL3501

Why can a bank afford to pay an interest rate on a savings account?A.Because the bank is insured by the FDICB.Because the Fed prints more currency when neededC.Because the bank puts the money into equity investmentsD.Because the bank lends that money out at a higher interest rate

Answer
A
A
B
B
C
C
D
D
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