which best explains why banks consider interest on loans to be important?\no interest enables them to…
which best explains why banks consider interest on loans to be important?\no interest enables them to control the economy.\no interest helps them to satisfy customers.\no interest enables them to stockpile money.\no interest helps them cover business costs.
Answer
Brief Explanations:
Banks are profit - making institutions. Interest on loans is a major source of their revenue which helps them cover various operational and business costs like employee salaries, rent, etc. They do not control the economy through interest (central banks have more influence on the economy in that regard), interest doesn't directly satisfy customers, and stockpiling money is not the main purpose of charging interest.
Answer:
Interest helps them cover business costs.