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A money substitute is something people can use instead of money.
At one time, people used to save their money in banks in an saving account to get interest on that money. But time has changed. At present time, it doesn't look any benefit in saving money in a saving account as the interest rate is too low. Banks use people money to give other people loan on high interest and they get benefits. But that benefit doesn't add in your money. People don't get more interest. So at present time people prefer to save their money by investing somewhere else like LIC, by purchasing shares or any other mode instead of having a saving account.
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How do you stop pressnet taking money from my credit card?
Generally, people are moving toward more electronic means of payment instead of paper money, but these are not limited to credit cards.
When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.
A money substitute is something people can use instead of money.
because they have enough money
When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.
Being an honorable man, he returned the wallet with all of the money instead of taking it.
well they get there money by working but,when they dont get money instead they trade
By taking money from foolish people.
A lot of people prefer watching television to going out. This is because watching television is more convenient, and doesn't involve spending a lot of money.
By informing (educating) people who need wealth (Third World Countries) so that they can make their ownn food/money instead of giving them food/money.
To make money of course. Taking out insurance is a sensible precaution. If you are going to do it then the banks would much prefer that they make money out of it than some other organisation.
he was taking money from people in the north
by taking tax by people