Sam earns 1% interest on the money he has in a savings account. his dad plans to borrow money from the bank where sam keeps his money. his dad will have to pay 5% interest on the money he borrows. based on this information, which sentence is true?
group of answer choices

banks charge a lower rate for money borrowed than for money deposited.

banks earn money on the difference between what they charge to borrow money and what it pays in interest.

banks base the amount of interest they charge on what people are willing to pay.

banks make money available to borrowers so people can pay for things they need.

Banks earn money on the difference between what they charge to borrow money and what it pays in interest.

the best and most correct answer among the choices provided by the question is the second choice "less supportive to the war of 1812"

the war of 1812 was a military conflict that lasted from june 1812 to february 1815, fought between the united states of america and the united kingdom, its north american colonies, and its native american allies.

i hope my answer has come to your . god bless and have a nice day ahead!

if you are on the computer you can not take a picture but you can upload one but i am not sure about phones but i'm pretty sure it's the but to upload one just click the paper clip looking thing/ link thingy thing and upload a pic