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What else can I help you with?
How can you be an asset to the bank?
If you take a loan from the bank, then you become an asset to the bank. That is because, you owe money to the bank and the bank has all rights to take the money and the interest that you are supposed to pay for the loan from you. So any kind of money that is to be received by anyone is an asset and so similarly, a loan that people will pay back to the bank will be an asset to the bank.
Who makes money?
my opinion is that who creates the money is the factory but the people or the community who makes the money is the bank because when people loan from a bank they also have to pay extra money ontop of what they have loaned when they are giving back the money. Good boy Nathan
Why do banks give interest on deposit?
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
What is a Pay in slip?
well you people cant give full fledge information about anything in detail. so , in short pay in slip refers to to a slip issued by the bank to he payee who deposits the money in bank and receives a pay in slip in return as a proof or record of the deposition of money in the bank by depositor.
Why do you receive interest on money that you keep in the bank?
The bank is paying you (compensating you) for the use of your money. When you borrow money from the bank, you pay them interest.
What is paypath?
pay path is when you can change your money from bank to bank
Why is the bank willing to protect your money for free or for a low cost?
Because your money isn't actually IN the bank; the bank lent your money out to somebody else. It's called "fractional reserve banking". A hundred people deposit money in the bank, and the bank promises to pay interest on the money. Then the bank LOANS OUT some (actually, most!) of the money to start businesses or buy houses. The borrower pays more interest to the bank than the bank pays to you, so as long as the loans are good and people pay their mortgages on time, everything is fine. The problem comes when two things both happen around the same time; people can't make their mortgage payments, AND the people who had deposited money in the bank start to get nervous and want their money back. When lots of people all want their money back at the same time, it's called a "run on the bank", and the bank won't be able to give the depositors their money - because the money was lent out to businesses that are failing, or for homes where the people can't pay their mortgages. The U.S. government sponsors "deposit insurance" so that the depositors don't have to worry that they won't be able to get their money back. And since there's no worry (or not much!) there are few "runs on the bank" these days.
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
Why do people want money so bad?
Cause people need money to buy stuff and t' pay bills so they either rob a bank or steal from another. More prefer to rob a bank and bring a gun. Who walks into a bank with a sword?
Can you borrow money from the bank in Monopoly to pay for properties or other expenses"?
No, you cannot borrow money from the bank in Monopoly to pay for properties or other expenses.
When I pay the money for a dlc character for a game from an arabic bank do they transform into an amraican money if the company is amraican?
When you pay money from an Arabic bank to an American company, the money will be converted into the US dollars.
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.
