ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a true statement about banking?
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Keeping your money at home instead of a bank prevents you from paying the interest fees that banks charge.
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It’s generally safer to keep your money in a bank than to keep it at home.
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Most new businesses are forced to start without loans from banks.
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Most banks give their customers interest-free loans.
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Explanation:
Detailed explanation-1: -When you borrow money from a bank, where does that money come from? The accounts of the bank’s customers. How do banks make profits? By charging people interest to borrow money.
Detailed explanation-2: -Is there a way to view/print answer keys to BrainPOP quizzes? No. As a workaround, you can take the quiz once in Graded mode and click Print when you’re done. The correct answers will be highlighted on the printed quiz.
There is 1 question to complete.