which best explains why banks consider interest on loans to be important?\ninterest enables them to control…
which best explains why banks consider interest on loans to be important?\ninterest enables them to control the economy.\ninterest helps them to satisfy customers.\ninterest enables them to stockpile money.\ninterest helps them cover business costs.
Answer
Brief Explanations:
Banks are profit - making institutions. Interest on loans is a major source of revenue which helps them cover operational and other business costs. They don't control the economy through interest (central banks have more influence in that regard), interest isn't mainly for customer satisfaction, and stockpiling money isn't the main purpose; covering costs and making profit is.
Answer:
Interest helps them cover business costs.