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How do ATMS affect people who have their money stored in banks?
Wiki User
∙ 13y ago
Almost no correlation...
Wiki User
∙ 13y ago
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How black money stored?
Black money is something used in India. It is what money that is earned on the black market is called. This money is often stored in Swiss banks.
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.
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)
How can money problems affects a persons diet?
Money problems can have a great affect on a person's diet. These people might have to buy food that can be stored instead of fresh.
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.
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.
What did people do before there were banks?
Before banks people put their money in safes
What mantra or chant brings money and wealth immediately?
All the angels come to me thanks. Help me have money stored in the banks
Socio-cultural trends that can affect a bank?
Socio-cultural trends can effect banks because individuals may not be able to pay back the money that they borrowed from banks when many citizens are not working. Also, people may not have the money to save and invest with banks in times of hardship.
Where do people keep there money?
Most people keep their money in banks.
Why did many banks collapse in the early 1930's?
It was because of the great depression, which meant the stock market crash. Of course the stock market crashing would cause the money to drop in its worth for example if you had £1000 it would drop down to £10 (just an example). People had money stored in banks, so the bank would owe the people lots of money but the money would be worth less so they would need more money to repay the people, but in fact they didn't have enough, in turn this caused the banks to crash.
What impacts did Black Tuesday have on banks?
Banks went bankrupt and shut down, since their stock was now worth nothing if they had any. People who invested all their money into a bank and had it stored there lost EVERYTHING since the banks were shutting down THAT fast. Hope this helps!
