Figuring Outย โขย 8m
How Banks Create Money?
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ZeroBizzย โขย 3m
๐กHow Do Banks Really Work? Here's a Simple Visual Guide! ๐ฆ 1๏ธโฃ Banks take deposits from customers at ~4% interest. 2๏ธโฃ They lend that money to borrowers at ~10% interest. ๐ฐ The 6% spread is their profit. ๐ Key Banking Terms You Should Know:
See MoreFounder Snippetz Lab...ย โขย 7m
We think of banks as places that store our money and keep it safe. But thatโs not really whatโs going on. When a bank gives out a loan, they donโt get poorer. They simply type new money into your bank account. Itโs brand-new money that never exis
See MoreECE student | Entre...ย โขย 4m
Todayโs insight: Use other peopleโs money! ๐ The rich get richer by leveragingโ Banks lend for assets like properties. Landlords buy homes, Airbnbs cash flow. Itโs not their moneyโitโs the bankโs! They profit while others pay the loan. How will you
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