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Bank costs are things like loans being defaulted on, which is good for society (lending is risky, and interest from loans that pay back covers defaults). The p
by ikeboy 9y ago
Bank costs are things like loans being defaulted on, which is good for society (lending is risky, and interest from loans that pay back covers defaults).
The profit is the amount the banks make that isn't consumed by those costs, so that's the right number to use.