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

Where are chromosomes found in an animal cell?
True or false: all economists believe that predatory pricing is a profitable business strategy.
Please help! Correct answer will get brainliest! How many gallons of a 21% acid solution and a 28% acid solution need to be mixed to make 7 gallons of a 25% aci
How did the Spanish government respond to the decline of the native population between 1519 and 1605
joey uses the equation y=kx to determine how much money (y) he earns after working any number of hours (x) joey earned $450 after 40 hours what value of k in jo
Anne et soeur _____ au parc
12. Describe an alternative investment that you might invest in someday, and explain why this investment is appealing to you
In the five forces model, the __________ that companies compete against one another for customers, the _________ the level of profits is likely to be for that i
There is a line that includes the point(3, -6)and has a slope of -2 . What is its equation in slope -intercept form?
Which table shows the equation y=1/2x-7