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What else can I help you with?
Where can you find out about borrowing money?
There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.
Is borrowing money from a bank an investing activity?
yes
What is difference beween a debit card and a credit card?
A debit card is issued by your bank, and when you use it, funds are withdrawn from your bank account thus reducing the money you have the bank. It's like writing a check. When you use a credit card you are, in effect, borrowing money from some company or institution to pay for your purchase and must pay this money back at some time in the future. But, the amount of money you have in the bank is not affected.
Can you explain how a car loan from a bank works?
A car loan from a bank is a type of loan that you can get to buy a car. The bank lends you the money to purchase the car, and you agree to pay back the loan amount plus interest over a set period of time. The interest is the cost of borrowing the money. If you don't make your loan payments, the bank can repossess the car.
What is the meaning of 'borrowing from banks?
Borrowing from banks refers to the operation when an individual borrows money or takes a loan from a bank. The bank lends the individual money and this person will repay the loan to the bank. For ex: If I wanna buy a home, I will take a home loan from a bank and buy the house. Then I will pay my mortgage every month for the next few years and repay the money I borrowed from them.
Where can you find out about borrowing money?
There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.
Is borrowing money from a bank an investing activity?
yes
What is difference beween a debit card and a credit card?
A debit card is issued by your bank, and when you use it, funds are withdrawn from your bank account thus reducing the money you have the bank. It's like writing a check. When you use a credit card you are, in effect, borrowing money from some company or institution to pay for your purchase and must pay this money back at some time in the future. But, the amount of money you have in the bank is not affected.
Can you explain how a car loan from a bank works?
A car loan from a bank is a type of loan that you can get to buy a car. The bank lends you the money to purchase the car, and you agree to pay back the loan amount plus interest over a set period of time. The interest is the cost of borrowing the money. If you don't make your loan payments, the bank can repossess the car.
What is the meaning of 'borrowing from banks?
Borrowing from banks refers to the operation when an individual borrows money or takes a loan from a bank. The bank lends the individual money and this person will repay the loan to the bank. For ex: If I wanna buy a home, I will take a home loan from a bank and buy the house. Then I will pay my mortgage every month for the next few years and repay the money I borrowed from them.
What is one benefit to using a debit card that is not a benefit of using a credit card to make a purchase?
With a debit card you can only use money that you put in a bank and with a credit card you are using the money from the credit card company which can lead to bankruptcy if you are not careful.
Can you explain how financing a car through a bank works?
Financing a car through a bank involves borrowing money from the bank to purchase a vehicle. The bank pays the car dealership on your behalf, and you repay the bank over time with interest. The bank holds the title of the car until the loan is fully paid off, and if you fail to make payments, the bank can repossess the vehicle.
What does it mean to finance a car?
Financing a car means borrowing money from a lender, such as a bank or a dealership, to purchase a vehicle. The borrower then pays back the loan amount plus interest over a set period of time.
What are the services offered by the Cooperative Bank in the UK?
The Cooperative Bank in the UK offers money advice service to help you when budgeting, borrowing money, taking out a mortgage or opening a saving account.
Who other than a bank or a cash shop could benefit from owning a money counter?
A money counter does all the work for you. Anybody with a lot of coins or small bills would benefit from owning a money counter. A child who has a piggy bank would benefit greatly from owning a money counter.
Where can you purchase a Canadian money order in Seattle?
If you are looking to purchase a Canadian money order in Seattle, check with your bank or a local bank. Some banks will do money orders in different currencies.
What is the difference between interest on savings account and interest on a loan?
The only real difference is that the interest on a savings account is money paid to you by the bank (usually paid quarterly by many banks). On the other hand, on a loan is money you pay the bank for borrowing their money. The reason the bank pays you interest on a savings account is because the bank will actually use the money you give them in your savings to pay others loans. So in basic terms, they are "borrowing" your money, so they pay you interest for doing so.
