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Did people use to bury their money because they did not trust banks?
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Why do people deposit money in savings accounts in banks?
Trust and convenience !
Does anyone keep cash in a safe at your house anymore I just do not know if I trust banks?
Some people do prefer to keep their cash in a safe in their own house. This is because many people no longer trust the banks with their money. If you decide to do so, make sure the safe is secured and not easily tranportable.
Why are trust companies called near banks?
Because they are nearby.
Ask the bank to advance money?
You certainly can ask the bank to give you an advancement on money. Some banks will do this for you if they trust you.
What are the reasons why banks are regulated?
Banks are regulated because banking requires a certain amount of trust in the institution in which citizens place their savings. It's seen as a right of the public to have reassurance that their money is being handled responsibly and will be available to withdraw as needed.
Why do people deposit money in savings accounts in banks?
Trust and convenience !
Does anyone keep cash in a safe at your house anymore I just do not know if I trust banks?
Some people do prefer to keep their cash in a safe in their own house. This is because many people no longer trust the banks with their money. If you decide to do so, make sure the safe is secured and not easily tranportable.
Where can someone find a Dept help?
Most banks will help people with debt problems. Banks want to help people because then people will trust the banks more and will feel safer with them, which often means that the customer will use that bank more.
Why did people of the Great Depression lose faith in banks?
During the Great Depression, banks experienced widespread failures, leading to people losing their savings when banks collapsed. This eroded trust in banks as a reliable place to keep money, contributing to a widespread loss of faith in the banking system. Additionally, the lack of deposit insurance at the time meant that there was no guarantee that people would get their money back if a bank failed.
Why are trust companies called near banks?
Because they are nearby.
Ask the bank to advance money?
You certainly can ask the bank to give you an advancement on money. Some banks will do this for you if they trust you.
Who created the trust in 1880's?
slick lawyers using term trust for corporations who are monopolies, resulting in anti-trust legislation then which is needed now because of the greed of banks mortgage wall street people.
Why do many people do not operate bank accounts?
Some people simply don't trust banks. Others have no money to speak of to warrant putting it in a bank. Some people are afraid of having to use the ATMs. I'm sure there are many other reasons why some people don't use banks.
What was the biggest problem during the Great Depression?
=The biggest change during the great depression was the way money is handled. The way money was handled was way different then it is now.=
What are the reasons why banks are regulated?
Banks are regulated because banking requires a certain amount of trust in the institution in which citizens place their savings. It's seen as a right of the public to have reassurance that their money is being handled responsibly and will be available to withdraw as needed.
Is it safe to buy bank stocks?
Only trust the larger providing banks, like Wells Fargo, because of the fact that most banks have been going out of business, and have let people take out loans that they did not pay back
Can a tanning bed break when you are in it?
No. Because if it did the place would get sued and trust me on this people care about your safety when there is money invloved
