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Before banks people put their money in safes

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12y ago

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What did people do before banks appear?

Mattress.


How did people save their money before they had banks?

Under their mattresses, in their wallets etc.


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Why are major banks requesting credit forms to be filled out before applying for loans?

Banks will only lend money to people with good credit. All banks and lenders require credit information. They will then check with the credit services and find out if you've paid back people who lent you money in the past.


Why do people use banks?

People use banks to keep their money safe. No one can take their money. Before banks were available, anyone could come into your home and take your money. Also banks will insure your money up to $200,000. Plus banks allow you to pay bills by check. Many companies will only take a check for a payment. There are many other benefits to using a bank account.


Why were there runs on US banks in 1933?

People feared they would lose their money, so they took it out of banks they believed were about to fail.


Who wore 14 before Banks?

Before Darius Banks wore the number 14 jersey, it was worn by the wide receiver Keshawn Martin during his time with the team. Martin played for the franchise before Banks, contributing to the team's roster. The number has a history of being associated with various players, but Martin is the most notable recent wearer before Banks.


Are district cooperative banks government banks or private banks?

That would depend on where you live but cooperative banks are normally private banks owned by the people (but not the government).


How many people work at banks?

The number of people working at banks can vary greatly depending on the size and type of bank. Larger banks can employ thousands of people, while smaller community banks may have a few dozen employees. Overall, banks employ millions of people worldwide.


Why did many states declare bank holidays in 1933?

They closed the remaining banks before people could make a run on them and put them out of business.


What is people's co-operative banks?

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Why do people build banks?

People build banks so that the water doesn't rise up and flood the city.