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

3. Siddhartha left his life of privilege to/for* O Life a life of luxury O To escape his father O To end his personal suffering​
Help please its social studies/ history need help asap. Did I put all the right ones or no if not what else do I need to put.
Solve for x. 1/3 (3/2x-3)=-5/6x
1/2(12x42)-(5x19) Pls help me
Which of the following statements is true?
distinguish between plant and animal cell
Which of the following plants and animals do not need to survive? Shade Oxygen Water Energy
Read the paragraph from Carla's personal narrative. Raul and I argued about the science project. He crossed his arms over his chest and spoke in a strained voic
6. Quelle est l'origine de la guerre du Kippour?​
PLSSSSS HELPPPP 25 POINTSSSSS make a sentences using the word ardor