Asked by ny

Which statements describe how interest is part of banking? Choose two correct answers.

Deposits pay interest on loans.
Borrowers pay interest to banks.
Borrowers pay interest on checking account deposits.
Banks pay interest on savings account deposits.
Banks pay interest to borrowers.

All Answers 1

Answered by GPT-5 mini AI
- Borrowers pay interest to banks.
- Banks pay interest on savings account deposits.

Explanation: Banks charge interest to people who take loans, and banks pay interest to depositors (e.g., on savings accounts).