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It causes a boom in spending and production that may not be paid back.
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)
pay interest on savings accounts
Banks offer investment opportunities. They also offer a savings account where you can invest your money in the bank itself so they can use your money to give people money in the form of loans. They give you some money back in the form of savings interest.
Banks generate a lot of income by loaning money deposited by customers out to other customers for fees and repayment with interest. This is the principle action that banks take with the money you deposit.
by loaning money
It causes a boom in spending and production that may not be paid back.
false
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)
pay interest on savings accounts
Banks offer investment opportunities. They also offer a savings account where you can invest your money in the bank itself so they can use your money to give people money in the form of loans. They give you some money back in the form of savings interest.
Banks generate a lot of income by loaning money deposited by customers out to other customers for fees and repayment with interest. This is the principle action that banks take with the money you deposit.
Yes they do, as your money means nothing to them and they are crispy briefcase WANKERS
It's a pretty bad run-on. It should be: Banks are for keeping and investing money safely, and loaning money to individuals and businesses.
pay interest on savings accounts
Responsibilities of the Federal Reserve Bank include loaning money to private banks, printing money, and lessening economic crises.
Responsibilities of the Federal Reserve Bank include loaning money to private banks, printing money, and lessening economic crises.