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They loan it out to other people to buy cars, houses, to start a business etc. The government makes them keep a small percentage of the money as reserve - around 10%, but the rest is loaned out. If everyone wanted to withdraw their money all at once (called a bank run), the bank wouldn't have enough money to pay everyone right away.
This happened during the late 1930's at the beginning of the great depression. In response, the government started the FDIC -Federal Deposit Insurance Corporation. It guarantees savings accounts up to $100,000 even if the bank goes out of business.
What else can I help you with?
Can I deposit a money order in my bank?
Yes, you can deposit a money order in your bank.
Can you deposit a money order in the bank?
Yes, you can deposit a money order in the bank.
Can I deposit a money order into my bank account?
Yes, you can deposit a money order into your bank account.
Can you deposit money orders in your bank account?
Yes, you can deposit money orders into your bank account.
Can you deposit a money order into a bank account?
Yes, you can deposit a money order into a bank account by filling out a deposit slip and providing the money order to the bank teller for processing.
Can I deposit a money order in my bank?
Yes, you can deposit a money order in your bank.
Can you deposit a money order in the bank?
Yes, you can deposit a money order in the bank.
Can I deposit a money order into my bank account?
Yes, you can deposit a money order into your bank account.
Can you deposit money orders in your bank account?
Yes, you can deposit money orders into your bank account.
Can you deposit a money order into a bank account?
Yes, you can deposit a money order into a bank account by filling out a deposit slip and providing the money order to the bank teller for processing.
Is it possible to deposit a money order into my bank account?
Yes, it is possible to deposit a money order into your bank account. You can do this by filling out a deposit slip at your bank and providing the money order as the deposit amount. The bank will then process the money order and credit the funds to your account.
How do you deposit money in an account?
you can deposit at the bank
Can you deposit a money order into your bank account?
Yes, you can deposit a money order into your bank account by filling out a deposit slip and providing the money order to the bank teller or using a mobile banking app to deposit it electronically.
How do you put money on an account?
Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account
What is the verb for deposit?
Deposit is both a noun and a verb. She made a deposit at the bank. (noun) She was able to deposit the money at the bank. (verb)
Deposit in a sentence?
he went to deposit his money in the bank he had to deposit 20 dollars
What is money put in a bank?
A deposit
