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What does loan mean?
A thing or money that is borrowed by the bank
How much money India paid to world bank?
India $48,663,320,000.00 stood 3rd in place
How does the bank make money by lending money?
If a bank lends you money that you don't have, in the future you will have to pay them back, more than you had borrowed. This is because, while the bankers wait, it costs more money to pay back then what you borrowed. I hope this helped you out! Thanks and have a great day!
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
What is the difference between bank loans and mortgages?
A mortgage is a loan that is secure with real estate or personal property. A bank loan is money that is borrowed with a contract to pay the money back.
Have west African coastal countries borrowed money from the world bank an international monetary fund?
true
How do you you change this sentence into passive voice we shall borrow money from the bank?
Money will be borrowed from the bank.
How much money did India borrow from world bank?
$500billion
What does loan mean?
A thing or money that is borrowed by the bank
How much money India paid to world bank?
India $48,663,320,000.00 stood 3rd in place
How does the bank make money by lending money?
If a bank lends you money that you don't have, in the future you will have to pay them back, more than you had borrowed. This is because, while the bankers wait, it costs more money to pay back then what you borrowed. I hope this helped you out! Thanks and have a great day!
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
How much money India have to return back to world bank?
India has to pay $172 billion debt till 2014 march...
How can a bank make money?
Banks make money off of the interest that comes from loans. When someone takes out a loan, he pays back more money than he borrowed. That money becomes the bank's profit.
Which bank in India has the largest number of branches in the world?
State Bank of India
What is the difference between bank loans and mortgages?
A mortgage is a loan that is secure with real estate or personal property. A bank loan is money that is borrowed with a contract to pay the money back.
When a bank loan is repaid, how does it impact the supply of money in the economy?
When a bank loan is repaid, it reduces the money supply in the economy because the money that was borrowed and created through the loan is returned to the bank, effectively decreasing the amount of money available for lending and spending.
