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Yes. But you need a good and clean record to be loaned money Beware though that most banks have higher interest rates than other places that lend money as the business. Not all the time though so it may pay to do a Little research in the area that you are in. It can also depend on how much tat you need to borrow, too much and any organisation will turn you down.
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Why do banks loan people money?
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
Since banks create the money they loan out why and how do bank institutions go bankrupt?
Banks do not create the money they loan out. They get it from deposits and fees and such then give loans to those who deserve it.
Why is a bondholder similar to a bank?
Bondholders loan money to bond issuers just as banks loan money to customers.
What happens to your money in the bank?
your money is problably not kept in the bank but its loaned to other banks and other banks loan to your bank
Why a bondholder is similar to a bank?
Apex :) Bondholders loan money to bond issuers just as banks loan money to customers
Why do banks loan money?
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
Why do banks loan people money?
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
Since banks create the money they loan out why and how do bank institutions go bankrupt?
Banks do not create the money they loan out. They get it from deposits and fees and such then give loans to those who deserve it.
Why is a bondholder similar to a bank?
Bondholders loan money to bond issuers just as banks loan money to customers.
What happens to your money in the bank?
your money is problably not kept in the bank but its loaned to other banks and other banks loan to your bank
Why a bondholder is similar to a bank?
Apex :) Bondholders loan money to bond issuers just as banks loan money to customers
What is it called when banks lend money to customers?
It is called a loan.
What do banks do with money not held in the federeal reserve?
They loan it out to others. Banks make more money through lending money than through storing it.
Best explains why a bondholder is similar to a bank?
Bondholders loan money to bond issuers just as banks loan money to customers.
What best explains why a bondholder is similar to a bank?
Bondholders loan money to bond issuers just as banks loan money to customers.
Would banks decrease or increase interest rates if they had less money to loan?
If banks had less money to loan they would increase their interest rates. This is because they would have to make the most profit off of the little money that they had to use. When banks have a lot of money to loan, interest rates are lower because they can still get a lot of interest even from the lower interest rates.
When does the quantity of money available increase?
when government "prints" it, or when banks loan it.
