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Money is just paper, it is printed off in factories or a bank machine, then distributed through the bank
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∙ 11y ago
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What services did the first banks provide?
Services the first banks provided included storing and protecting money. They allowed individuals to keep their money in one place with minimal risk.
Why were banks created in the first place?
People did not feel safe with there cash so they made banks armed men that hold your money said to be safe but if the bank fell from any thing you can not get it back now and days it is different.
Why were banks one of the first institutions to the feel the effects of the stock market crash?
Frightened depositors feared for their money and tried to withdraw it from their banks.
What do all banks offer?
All banks offer a place to hold money in either a checking or savings account. This offer is available for both personal and business use.
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)
What services did the first banks provide?
Services the first banks provided included storing and protecting money. They allowed individuals to keep their money in one place with minimal risk.
Where is money sent after its made?
When money is minted, the first place it goes is the Federal Reserve. The Federal Reserve is like the ultimate lender. All banks get their money from the Federal Reserve.
What services did the first services provide?
Services the first banks provided included storing and protecting money. They allowed individuals to keep their money in one place with minimal risk.
Where is the best place to find money?
Banks. change pocket in your car.
Why did the stock market crash take place?
Too many people got money from their stocks and the banks were running out of money. Everyone wanted their money, but the banks didn't give it to them. This resulted in everybody losing their money.
Are there banks in assassins creed 3?
There aren't places that are specifically "Banks" with the money in them but there are wagons that are all over the place with that title.
How does bank earn profit?
The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.
Why is people so important to banks?
People are the banks source of income. Basically people deposit their money into the bank and then the bank uses it. To make money, the banks then lend what they have to people so that they can buy a house (home lone). The people using the lent money must repay it over a period of time with addition to an interest payment. Therefore they end up paying back more than the lent in the first place, so the banks make money. So the banks need people.
What place do Parisians keep money?
Banks, just like the rest of us.
Why were banks created in the first place?
People did not feel safe with there cash so they made banks armed men that hold your money said to be safe but if the bank fell from any thing you can not get it back now and days it is different.
Do you need a bank account to get a money order?
No, they can be purchased at other place than banks.
Who distributes currency?
It is distributed first to the banks by the Mint that makes the money and then the population does it.
