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In Business / College | 2025-07-06

Businesses and banks cannot function without interest.
A. True
B. False

Asked by aandruss1950

Answer (2)

Businesses and banks cannot function without interest because it is essential for funding operations and generating revenue. Interest allows loans to finance growth and maintain bank profitability. Therefore, the statement is true. ;

Answered by GinnyAnswer | 2025-07-07

Businesses and banks cannot function without interest because it is crucial for funding and generating revenue. Interest compensates lenders and allows banks to offer services, while also stimulating economic growth. Therefore, the statement is true.
;

Answered by Anonymous | 2025-07-15

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