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Banks do not iron money as this would burn it. The Royal Mint, who make the money, make it flat when it is made, and then send it to the banks like this. Ironing money is not recommended :)
IT companies do inovation in IT not Banks. Banks make large amounts of profit from money people put into the bank. IT companies make money on the volume of IT they sell
When banks make loans, the money supply increases, since the people who receive these loans will have more money.
Banks may get money to make loans, by the following ways: a. Use their Capital Reserves b. Accept Deposits from customers c. Borrow money from other banks d. Borrow money from the central bank
They make money on the fees for refinancing and also by taking business away from other banks when consumers change banks. Refinancing specials allow banks to acquire new customers.
For profit. To make money.
Because he had so much money, he had nothing else to do.
They loan it out to others. Banks make more money through lending money than through storing it.
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.
Do you mean commercial banks or investment banks?
For the banks: To make money. For regular people: To take money from their credit card and make it physical money.
Yes they do, as your money means nothing to them and they are crispy briefcase WANKERS