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bucky720

If banks use our money to loan out, why is there no indication on my monthly statement and no deduction in balance?

  • 2 years ago
  • 2 years ago

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  1. markemoran
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    All that the statement reflects is what the bank owes you.

    • 2 years ago
  2. business1
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    the indication on your statement is the interest a bank credits to your account. the deduction is shown on the statement of borrower, who pays you interest (via the bank) to use your cash.

    • 2 years ago
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spraguer (Moderator)
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is replying to Can someone tell me what button the professor is hitting...

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