The is the difference between the interest rate a bank earns on a loan and the interest rate it pays.
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Solution 1
The difference between the interest rate a bank earns on a loan and the interest rate it pays is known as the Net Interest Margin (NIM). Here's how it works:
- Banks earn interest when they lend money to borrowers. This is often in the form of loans, such as home loans, personal loans, and busines Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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