0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How does the money you save in a bank account help someone else?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc. So, the money you save in a bank will given out as a loan and will help someone else.
What are the advantages in saving money in the bank?
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
What is Savings?
Savings is anything that you do to save money and time. You can save money in bank accounts and investments and you can save money everyday buy using coupons, turning off the lights, cancelling services you do not need etc.
What are the benefits of putting money into a bank?
Some benefits of putting money into a bank are: 1. You save money for your future requirements like retirement, buying a house, children's education etc. 2. You earn interest out of your money deposited in the bank and hence you keep making money out of the money you put in a bank.
Why is it better to save money in a bank?
because if it's out of the bank you problay would spend it all and if you house gets broke into the robbers will steal all your money.
How can people save money besides in a saving account?
in a bank
What do the people do to deposit their saving in a bank?
To deposit their savings in a bank, people typically visit the nearest bank branch or use online banking services to transfer funds from their personal account to their savings account. They can also deposit cash or checks into their savings account through an ATM or mobile deposit.
What are the advantages of paying your house off?
You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.
How does the money you save in a bank account help someone else?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc. So, the money you save in a bank will given out as a loan and will help someone else.
Where does a fish save it's money?
In the river "bank".
What appeals to you most about Banking and joining HDFC Bank?
HDFC bank is a trustworthy bank that is used by many people because of their confidentiality and their effectiveness. Banking is important because it helps you save money.
What are the advantages of saving money in the bank?
There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.
What are the advantages in saving money in the bank?
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
How does Missouri river save money?
A river doesn’t save money, people do.
What is Savings?
Savings is anything that you do to save money and time. You can save money in bank accounts and investments and you can save money everyday buy using coupons, turning off the lights, cancelling services you do not need etc.
What are the benefits of putting money into a bank?
Some benefits of putting money into a bank are: 1. You save money for your future requirements like retirement, buying a house, children's education etc. 2. You earn interest out of your money deposited in the bank and hence you keep making money out of the money you put in a bank.
How do people save money by recycling?
You save money by using material over again.
