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

1. What is the value of the expression below? Please show work 3⁴+9= A.21 B.39 C.43 D.90 2. Which expression is equivalent to 5(d+1)? Please show work A.5d+5 B.
What is (7/12)/(5/9)? In simplest form..
who the famous artist in our time
HELP HELP HELP HELP PLEASE (sorry ) can u complete this tiny is to .................. as broad is to ........................ the words to fill this in are tiny
there is $100 in my piggy bank. My friend and I went to the mall and i spent $20. How much money do i have now?
how do you work out 45.3x6 using grid method
The cause of the sun rising and setting in the sky is the earths rotation . What is the affect
represent the number 1.16 using base ten blocks
PLEASE CHECK MY ANSWERS (PART 2)
whats the integral of 1/X