how do banks provide the financial service of lending money to borrowers?\na banks print money to lend to…

how do banks provide the financial service of lending money to borrowers?\na banks print money to lend to borrowers.\nb banks use money on deposit to lend to borrowers.\nc banks refer borrowers to government agencies to borrow money.\nd banks get money from the federal government for the specific purpose of lending.

how do banks provide the financial service of lending money to borrowers?\na banks print money to lend to borrowers.\nb banks use money on deposit to lend to borrowers.\nc banks refer borrowers to government agencies to borrow money.\nd banks get money from the federal government for the specific purpose of lending.

Answer

Brief Explanations:

Banks take in deposits from customers. They then use a portion of these deposited funds to make loans to borrowers. Banks do not have the authority to print money (that's the central - bank's role), they don't typically refer borrowers to government agencies for borrowing, and they don't get money from the federal government specifically for lending in the way described in option D.

Answer:

B. Banks use money on deposit to lend to borrowers.