When you borrow money from a bank they pull cash from the bank's reserves. This collection of cash is the net cash reserves within the bank or its network from depositors in the system.
It comes from when someone else deposits money into the bank
whom should you see at the bank if you need to borrow money? worksheet answer key
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
A bank employee that helps customers borrow money would be called a loan officer.
The Loan Arranger
they have to pay the bank back
the bank
The person who borrow money.
whom should you see at the bank if you need to borrow money? worksheet answer key
2
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
A bank employee that helps customers borrow money would be called a loan officer.
Money will be borrowed from 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.
no
no
Besides a bank, you can borrow money from a credit union. However, you must be a member of a credit union you borrow from. A bank will lend to anyone who walks off the street.
In some cases, you may need to have money in a bank account to borrow student loans. However, it will be different for each person.