answersLogoWhite

0

Money placed in a bank account

User Avatar

Julissa Garcia

Lvl 2
4y ago

What else can I help you with?

Continue Learning about Finance

When do you get interest from the bank?

The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.


What do banks use depositors money?

The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.


Why do banks pay interest on your savings account?

The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.


What money placed in a bank account called?

Money placed in a bank account is commonly referred to as a deposit. This can include various types of accounts, such as savings accounts, checking accounts, or certificates of deposit (CDs). Deposits typically earn interest, depending on the account type and the bank's policies. Additionally, funds in these accounts are generally insured up to a certain limit by government agencies, providing security for the account holder.


What is a banks customer's share of the profit made on loans?

The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.

Related Questions

When do you get interest from the bank?

The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.


What is money placed into an account?

money in a bank account, when u put money into an account it is called a deposit.


What do banks use depositors money?

The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.


Why do banks pay interest on your savings account?

The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.


Money placed in an insured bank account so that it will be available for future emergencies is referred to as .?

Savings


During the great depression what happen to depositers money when a bank collapsed?

By 1933, depositors saw $140 billion disappear through bank failures. ... either closed or had placed restrictions on how much money depositors could withdraw. ... and historians have argued that the bank crisis caused the Great Depression.


What money placed in a bank account called?

Money placed in a bank account is commonly referred to as a deposit. This can include various types of accounts, such as savings accounts, checking accounts, or certificates of deposit (CDs). Deposits typically earn interest, depending on the account type and the bank's policies. Additionally, funds in these accounts are generally insured up to a certain limit by government agencies, providing security for the account holder.


How do you make a debt on doodle god?

Bank + Money = Debt Money+ House = Bank Gold + Paper= Money


What is a money bank?

a bank which holds money


What is bank money?

a bank which holds money


How do you get the money from Bank Draft?

how do you the money from the bank draft?


What is a banks customer's share of the profit made on loans?

The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.