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The amount of money you can borrow depends on:
- What you are going to do with the money. For ex: in case of a home loan, you can get upto 80% of the property value
- Your salary every month - Usually loans are given out depending heavily on your monthly income
- Your credit history - How properly you have repaid your earlier loans. If you have defaulted in history, the chances of getting a loan as well as the loan amount will be significantly lower.
What else can I help you with?
What is the process of paying a bank to let you borrow money called?
The process of paying a bank to let you borrow money is called "interest."
When you borrow money from a bank where does that money come from?
When you borrow money from a bank they pull cash from the bank's reserves. This collection of cash is the net cash reserves within the bank or its network from depositors in the system.
Whom should you at the bank if you need to borrow money answer key?
whom should you see at the bank if you need to borrow money? worksheet answer key
What do you call a bank employee who helps customers borrow money?
A bank employee that helps customers borrow money would be called a loan officer.
Commercial banks and their relationship with the reserve bank?
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
How much money did India borrow from world bank?
$500billion
How does the bank determine how much money you can borrow?
Sir syed
How much money did Ghana borrow from the world bank?
25 billion
From where do people borrow money?
the bank
What is the process of paying a bank to let you borrow money called?
The process of paying a bank to let you borrow money is called "interest."
Who pays money at bank?
The person who borrow money.
When you borrow money from a bank where does that money come from?
When you borrow money from a bank they pull cash from the bank's reserves. This collection of cash is the net cash reserves within the bank or its network from depositors in the system.
Whom should you at the bank if you need to borrow money answer key?
whom should you see at the bank if you need to borrow money? worksheet answer key
How old do you have to be to borrow money from the bank?
2
Commercial banks and their relationship with the reserve bank?
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
What do you call a bank employee who helps customers borrow money?
A bank employee that helps customers borrow money would be called a loan officer.
Can you borrow money from the bank in Monopoly to pay for properties or other expenses"?
No, you cannot borrow money from the bank in Monopoly to pay for properties or other expenses.
