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Business, 08.05.2022 02:30 Lawrence101

The Tucana Bank of Commerce pools customer deposits and uses the funds to make loans to businesses and households. These businesses and
households, now known as the borrowers, pay the bank interest, and the
bank, in turn, pays depositors interest for the use of their money. Which
of the following would best describe the process used by the bank?
O Barter system
Indirect transfer
O Direct transfer
O Foreign exchange

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Answers: 2

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The Tucana Bank of Commerce pools customer deposits and uses the funds to make loans to businesses...

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