Keyee2007
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What is the main reason banks loan money to consumers?
To eliminate economic problems
To make money
To provide a free service
To meet government regulations

Respuesta :

Answer:

The answer is to make money.

Banks will loan you money and then charge you a high interest rate to pay back on top of the money you loaned

Explanation:

The main reason that banks loan money to consumers is to make money by earning interest income.

What do you mean by banks?

Banks refer to the financial institution that receives deposits and makes loans. These commercial banks are regulated by the national government or central bank.

The main reason that banks loan money is to make money through interest income. Commercial banks end money at all times by charging different interest rates to different customers.

Therefore, B is the correct option.

Learn more about banks here:

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