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What else can I help you with?
Why do people deposit money in savings accounts in banks?
Trust and convenience !
Why do banks pay their customers interest on the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
Why do banks pay their customers interest in the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
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.
What is it called when banks automatically transfer money to and from your accounts with your permission?
your bum!
Why do people deposit money in savings accounts in banks?
Trust and convenience !
Which chain of events correctly accounts for the conditions described in the excerpt?
The Stock market crash caused a panic. People rushed to pull money out of banks. Banks did not have enough money for everyone.
Why do banks pay their customers interest on the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
Why do banks pay their customers interests on the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
Why do banks pay their customers interest in the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
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.
Why do youchoose banking?
People choose banking for different reasons. Some people like to invest their money in saving accounts as banks. People who like handling money may choose banking as a career.
What is it called when banks automatically transfer money to and from your accounts with your permission?
your bum!
Which explains a way banks channel money from savers to borrowers?
Banks lend the money from savings accounts to people who need loans. (Go do your study island instead of looking them up) I'm just kidding. 😂
What do banks do with some of the profits they make by loaning out the money in their customers savings accounts?
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
What do banks do with some of the profits they make by loaning out the money in their customer saving accounts?
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
Why do banks pay their customers interest on the money in their accounts?
That money earns interest when the bank loans it out.
