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What else can I help you with?
Do banks lend out money that you deposit to make a profit?
Yes, banks take your deposit and combine it with all the other deposits and loan it out. Some banks lend it mainly to home buyers and car loans, while others emphasize business and commercial loans. The bank has to keep a certain percentage of your money available at all times. Banks actually borrow money from other banks and institutions to get enough money to loan to customers. It is a very funny business overall.
Where can one get help with financing a franchise?
The majority of banks will help to finance a franchise business. Many banks are willing to lend money for a franchise business since the business is considered safe. A person must set out a good business plan to the bank of their choice.
Banks lend out the money that you deposit to make a profit?
Yes.
What is it called when banks lend money to customers?
It is called a loan.
How can a bank create an infinite amount of money?
Banks do not create money, they only use the money from saving accounts and lend it to people. When they lend the interest from the loan is profit for the bank.
Why did Herbert Hoovers theory of trickle-down economics fail to work as he had hoped?
Banks refused to lend to buisnesses.
Who lend money?
Money lenders and banks.
Do banks lend out money that you deposit to make a profit?
Yes, banks take your deposit and combine it with all the other deposits and loan it out. Some banks lend it mainly to home buyers and car loans, while others emphasize business and commercial loans. The bank has to keep a certain percentage of your money available at all times. Banks actually borrow money from other banks and institutions to get enough money to loan to customers. It is a very funny business overall.
Who can lend you money for a house?
people at banks
To whom does the Fed lend money?
other banks.
Where can one get help with financing a franchise?
The majority of banks will help to finance a franchise business. Many banks are willing to lend money for a franchise business since the business is considered safe. A person must set out a good business plan to the bank of their choice.
What are the Importants of banks in the economy?
the importants of banks is that if banks dont lend to business and other banks to whole economy starts collapse
What is it called when banks lend money to businesses?
Workers and Businesses
What is it called when banks lend money to customers?
It is called a loan.
Banks lend out the money that you deposit to make a profit?
Yes.
How can a bank create an infinite amount of money?
Banks do not create money, they only use the money from saving accounts and lend it to people. When they lend the interest from the loan is profit for the bank.
How does the fed encourage banks to loan more money?
The Fed encourages banks to loan more money by:Reducing the Cash Reserve Ratio (Money that needs to be deposited with the fed by every bank) This way banks have more cash to lend and hence they loan it to customersReducing Interest Rates - By reducing interest rates, loans become cheaper thereby prompting customers to take new loans which encourages banks to lend more loans in order to gain new business
