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they use money for money
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∙ 11y ago
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How do banks use math?
the banks use math so they can get their pay and count money
How do food banks use their money?
They bring the money to an orphanage and shred it in front of them.
Why do people use banks?
People use banks to keep their money safe. No one can take their money. Before banks were available, anyone could come into your home and take your money. Also banks will insure your money up to $200,000. Plus banks allow you to pay bills by check. Many companies will only take a check for a payment. There are many other benefits to using a bank account.
What banks in the US use money boxes?
Most banks in the United States use money boxes for transporting money inside and outside of their safes. It is the most secure way to transport large sums of money from one bank to another.
In order to distribute money does the government sell money to the banks?
No, the Government does not sell money to the banks. Instead they loan it to them at very low interest rates. The banks borrow money from the central bank a.k.a the government to use for their operations and repay the money along with the interest to them.
Where do banks get the money to make loans?
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
What is the use of mathematics in banks?
the teller or accountant has to add and subract as peole put money or take money out of the banks. Intrest also involves math.
How do banks count money?
They have a counting machine to count the money and there always use to have bank counting money machines
What is the fee that banks pay a fee to use your money?
Deposit interest.
What methods do commercial banks use to advance money to customers?
sex
Why people use banks?
People use banks; *So if they get there house been ram sack, they will be about to pay for all the damiages *So they can go on trips with there family *So they will not lose they money somewhere that they will not know, so they but there money in the bank. *So they can save up for schooling *So they can help old people with there money. *And there are more things why people use banks.
How banks use the money that people deposit?
Loans & of course they earn interest on it.
