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True. When people invest in mutual funds they are making loans to banks and their investments are insured by the FDIC.
They can't provide Collateral - Apex : )
When banks make loans, the money supply increases, since the people who receive these loans will have more money.
There are many sources of funds that people can get. Banks offer loans and mutual funds, and people get paid from working.
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True. When people invest in mutual funds they are making loans to banks and their investments are insured by the FDIC.
to make loans Investments, loans, mortgages, and of course salaries for the staff.
Student loans are risky for banks to give out because most students do not have credit and thus cannot be trusted definitively to pay back loans. Additionally, students generally do not have personal property the bank can claim when loans aren't paid back.
They can't provide Collateral - Apex : )
When banks make loans, the money supply increases, since the people who receive these loans will have more money.
all banks do not forgive loans
There are many sources of funds that people can get. Banks offer loans and mutual funds, and people get paid from working.
Banks in New York City are almost always adverse to give loans to people with bad credit. It will be possible to open an account, but loans will be almost unfindable.
Loans & of course they earn interest on it.
Yes, there are private loans from individual banks as well as loans from federal programs. The federal government has programs like the "PELL" or "Federal Direct PLUS loans" for people trying to get back into school. Some individual banks(including local credit unions) also make loans available for people who want to get back into school.
The banks give loans here