The main source of profit for financial institutions is

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17-04-2019
Business

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The main source of profit for financial institutions is

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MrsSeifried MrsSeifried · Answer 1 · 2019-04-20T05:22:04+02:00

Answer: The main source of profit for financial institutions is the interest that they collect on the money that they have loaned out.

Explanation: The primary source of profit for financial institutions is the interest that it collects on the money that it has loaned out. Other sources of income include service charges on accounts and the sale of repossessed items, but they do not earn as much income on these items as they do on interest.