chelseamccloud10 chelseamccloud10
  • 08-12-2021
  • Business
contestada

How do banks make money off of the credit they issue

Respuesta :

maddiekeeling7 maddiekeeling7
  • 08-12-2021

Answer:

The primary way that banks make money is interest from credit card accounts. When a cardholder fails to repay their entire balance in a given month, interest fees are charged to the account. ... When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing ban

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