Where do financial institutions obtain funds for making loans? How are the interest rates for loans determined?

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Where do financial institutions obtain funds for making loans? How are the interest rates for loans determined? Are the interest rates the same for all borrowers? Why or why not?

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 05:22 AM

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Where do financial institutions obtain funds for making loans? How are the interest rates for loans determined?

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Financial institutions obtain funds for loans by accepting deposits from i...View the full answer

Personal Finance

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