Figuring OutĀ ā¢Ā 6m
How Banks Create Money?
Ā ā¢Ā
ZeroBizzĀ ā¢Ā 2m
š”How Do Banks Really Work? Here's a Simple Visual Guide! š¦ 1ļøā£ Banks take deposits from customers at ~4% interest. 2ļøā£ They lend that money to borrowers at ~10% interest. š° The 6% spread is their profit. š Key Banking Terms You Should Know:
See MoreBuilding Snippetz la...Ā ā¢Ā 5m
We think of banks as places that store our money and keep it safe. But thatās not really whatās going on. When a bank gives out a loan, they donāt get poorer. They simply type new money into your bank account. Itās brand-new money that never exis
See MoreECE student | Entre...Ā ā¢Ā 2m
Todayās insight: Use other peopleās money! š The rich get richer by leveragingā Banks lend for assets like properties. Landlords buy homes, Airbnbs cash flow. Itās not their moneyāitās the bankās! They profit while others pay the loan. How will you
See MoreDownload the medial app to read full posts, comements and news.