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.
The process of paying a bank to let you borrow money is called "interest."
whom should you see at the bank if you need to borrow money? worksheet answer key
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
A bank employee that helps customers borrow money would be called a loan officer.
The Loan Arranger
When you borrow money from a bank, the money comes from the bank's deposits and reserves, which are funds that the bank holds from its customers and other sources. The bank uses these funds to lend to borrowers, charging interest on the loans as a way to make a profit.
the bank
The process of paying a bank to let you borrow money is called "interest."
The person who borrow money.
whom should you see at the bank if you need to borrow money? worksheet answer key
2
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
A bank employee that helps customers borrow money would be called a loan officer.
No, you cannot borrow money from the bank in Monopoly to pay for properties or other expenses.
Money will be borrowed from the bank.
The bank is paying you (compensating you) for the use of your money. When you borrow money from the bank, you pay them interest.
no