damariharrison06 damariharrison06
  • 01-12-2020
  • History
contestada

What do banks do with money we deposit?

Respuesta :

MrGeekBrain
MrGeekBrain MrGeekBrain
  • 01-12-2020

Well, the bank primarily does two things: loan the money we put into the bank, and pay interest annually to your account. The interest is basically to say: since we are loaning your money to other people, we'll pay (and this is just an example) 10% interest of what you put in your bank account.

Answer Link

Otras preguntas

how do you solve 4a/b divided by 2ac/b
A six−sided die, with sides numbered 1,2, 3,4,5, and 6, is tossed. What is the probability of tossing a number less than three?
Who was the so-called new middle-class? What was the role of expertise and organization in this new professionalism?
is a piece of cloth a point, line, or plane?
What is the coefficient of x in the expression x-2? Explain your reasoning.
Who were the British allies and how did they help them to win so many battles in the American Revolutionary
what is this number in word form 3,152,308,726
8. A pattern of being late for work or for appointments is usuallyA. a habit learned early, which is nearly impossible to break.B. directly related to one's per
kilo-  -  1,000deka-  -  10How much larger is a kilo- than a deka-?
For this assessment, you will be taking Newton’s laws and describing how they are illustrated in a specific event. You only need to choose one of the options pr