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what is the reason smart people put their money in a bank?
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
Why are banks MORE than just a middle man between depositors and borrowers?
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
Who is affected when borrowers do not pay back their loans?
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
Which is NOT a consequence of banks going out of business?
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
Who is to blame for the 2008 financial crisis?
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
How can a bank afford to pay 3% interest to depositors?
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
amount money grows over time
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
A depositor is like a bank for banks; they are actually borrowing money from depositors.
interest
all of the above
True
the economy grows
all of the above
banks charge borrowers 6% interest
banks are experts at finding the right borrowers, this enables to earn money via loans and pay depositors interest
interest
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