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Why does the US lend money to foreign countries?
For lots of reasons. It is in the interest of the US to lend money to other countries. It helps those countries. It improves relations between them. Most importantly, when the money is paid back, the US makes a profit.
Why do banks play such an important role in the economy?
They allow people to easily exchange money and write checksHolds money until you are ready to use itAllows peopleto lend and borrow money
What is intrest?
Interest is the money you pay when you get a loan. It is the cost of having someone lend you money.
What is it called when banks lend money to businesses?
Workers and Businesses
What does mean lend your money and lose your friend?
You should not lend money to your friends; if you do, either you will have to bother your friend to repay the loan, which will make your friend resent you, or your friend will not repay the loan, which will make you resent your friend.
Who can lend you money for a house?
people at banks
Why does the US lend money to foreign countries?
For lots of reasons. It is in the interest of the US to lend money to other countries. It helps those countries. It improves relations between them. Most importantly, when the money is paid back, the US makes a profit.
How can a bank create an infinite amount of money?
Banks do not create money, they only use the money from saving accounts and lend it to people. When they lend the interest from the loan is profit for the bank.
People who lend money at very high interest are called?
usurer
What is the payment people receive when they lend money or allow someone else to use their money?
Intrest
How does banks make money?
People who deposit money get a small rate of interest paid to them. The bank lend that money to people and charge a higher rate.
Can you lend me money?
no
Who lend money?
Money lenders and banks.
Who will lend you money to get your truck back from titlemax?
If your credit is good, a bank will lend you money. If your credit is bad, then only a very close personal friend, who is willing to take a risk, will lend you money.
Why do banks give interest on deposit?
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
Can you borrow money and have it put on your unemployment card?
Most (all) lending institutions will be extremely hesitant to lend money to someone without gainful employment. The only entities willing to lend money to unemployed people are loan sharks and the various mob syndicates.
Did America lend money to Hitler?
No.
