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Why do some people prefer to keep money with them instead of taking it to the bank?
Some people prefer to keep money with them for reasons like immediate access and a sense of security in having cash on hand for emergencies or everyday expenses. Additionally, they may distrust banks due to concerns about fees, financial stability, or privacy. Cultural factors and personal habits also play a role, as some individuals feel more in control when managing their finances outside of the banking system. Lastly, psychological comfort in having physical cash can influence their decision.
What else can I help you with?
What is money money substitutes?
A money substitute is something people can use instead of money.
What are the pros and cons of a savings account as an investment?
At one time, people used to save their money in banks in an saving account to get interest on that money. But time has changed. At present time, it doesn't look any benefit in saving money in a saving account as the interest rate is too low. Banks use people money to give other people loan on high interest and they get benefits. But that benefit doesn't add in your money. People don't get more interest. So at present time people prefer to save their money by investing somewhere else like LIC, by purchasing shares or any other mode instead of having a saving account.
Can you please withdraw money on our classic site instead?
Can you withdraw money on our traditional website instead?
Are all banks the same?
The best way to find out is to look at multiple reviews instead of one persons opinion. I use Smart Money People when looking for bank reviews, I highly recommend taking a look at their stat box smartmoneypeople.com/wire/post/customer-statboxIII
How do people afford luxury cars?
People afford luxury cars by having a high income, saving money, taking out loans, or leasing the car. Some people also buy pre-owned luxury cars to save money.
How do changes in interest rates affect money supply?
When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.
What is money money substitutes?
A money substitute is something people can use instead of money.
Why do rich people prefer to go to malls?
because they have enough money
How do changes in interest rates affect the money supply?
When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.
A sentence for the word honorable?
Being an honorable man, he returned the wallet with all of the money instead of taking it.
How did the people of Jamestown earn money and trade?
well they get there money by working but,when they dont get money instead they trade
How can wealth can be shared?
By informing (educating) people who need wealth (Third World Countries) so that they can make their ownn food/money instead of giving them food/money.
Why do people prefer watching television than going out?
A lot of people prefer watching television to going out. This is because watching television is more convenient, and doesn't involve spending a lot of money.
Why banks are selling insurance products?
To make money of course. Taking out insurance is a sensible precaution. If you are going to do it then the banks would much prefer that they make money out of it than some other organisation.
How does municipal corporation earn the money to do its work?
by taking tax by people
What did Andrew Johonson do wrong to be impeached?
he was taking money from people in the north
How can Walmart save people money?
it doesn't. in fact,Walmart is taking the taxpayer's money and keeping it for themselves.
