Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

2345678910
A fee banks charge in exchange for borrowing money is called

Sagot :

GinnyAnswer

Final answer:

Loan origination fees are charges by banks for borrowing money.


Explanation:

Bank fees that are charged in exchange for borrowing money are commonly known as loan origination fees. Banks charge these fees for various services such as loan guarantees, backup lines of credit, and foreign exchange transactions. Additionally, banks make a profit by lending money at interest rates higher than what they pay to their depositors.


Learn more about Loan origination fees here:

https://brainly.com/question/23488164


We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.