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MA
Question Practice

Why do banks often charge higher interest rates for loans compared to the interest paid on deposits?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

Why do banks often charge high...

Single Answer MCQ
Q-00015845

Why do banks often charge higher interest rates for loans compared to the interest paid on deposits?

1

To discourage borrowers

2

To cover operational costs

3

To reduce depositors' earnings

4

To motivate more savings

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