Question

In terms of "borrowing and lending," banks __________. eliminate all risk when saving money. charge interest to lenders. enforce penalties for non-repayment.

Answer 1

Answer:C) enforce penalties for non-repayment

Explanation:

Answer 2

in terms of borrowing and lending banks enforce penalties for non-repayment.

Further Explanation

In the banking system, the relationship between a customer depositing funds and borrowing funds is based on an agreement between the customer and the bank. Where the agreement has been protected by applicable law. So if there is a fraud in the legal agreement system, it can be enforced.

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Details

Class: High School

Subject: History

Keywords: banking system, applicable law in savings and loan