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What is the process of paying a bank to let you borrow money called?
The process of paying a bank to let you borrow money is called "interest."
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
When you borrow money from a bank where does that money come from?
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.
Whom should you at the bank if you need to borrow money answer key?
whom should you see at the bank if you need to borrow money? worksheet answer key
Commercial banks and their relationship with the reserve bank?
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
How much money did India borrow from world bank?
$500billion
How much money did Ghana borrow from the world bank?
25 billion
From where do people borrow money?
the bank
What is the process of paying a bank to let you borrow money called?
The process of paying a bank to let you borrow money is called "interest."
Who pays money at bank?
The person who borrow money.
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
When you borrow money from a bank where does that money come from?
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.
Whom should you at the bank if you need to borrow money answer key?
whom should you see at the bank if you need to borrow money? worksheet answer key
What is the definition of a money market bank?
Money market banks are a large financial service firm that offer commerical lending service. They lend and borrow from governments, banks and large corporations.
How old do you have to be to borrow money from the bank?
2
Commercial banks and their relationship with the reserve bank?
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
What do you call a bank employee who helps customers borrow money?
A bank employee that helps customers borrow money would be called a loan officer.
