Why might an individual want to use a bank? What are the costs to the person? What are the benefits? Give an example of why a person would use a bank.

Question

anonymous · Answer

@confluxepic @Popstar30977

confluxepic · Answer

To borrow money or keep it safe.

confluxepic · Answer

@77777jeannie77777 @~

anonymous · Answer

@brucebaner @YOLO_KING @TheSmartOne

popstar30977 · Answer

the person would use the bank to store there money for later.

confluxepic · Answer

Use this. http://www.investopedia.com/university/banking/banking1.asp

popstar30977 · Answer

in my mind

anonymous · Answer

but what about an example? can someone give me 1?

popstar30977 · Answer

example "I would like to save 100 dollars in my bank my account"

anonymous · Answer

hmm..... can you put it in one post? please sorry :) lol

anonymous · Answer

What are the costs to the person? what are the benefits?

anonymous · Answer

can u answer those two questions and put it all in one post please?

confluxepic · Answer

A person would want to gain interest on his money. He would also like to store the money.

popstar30977 · Answer

Benifits
1. money is protected
2. you can pay your bill online
3. also you get to keep a debet card and use it to pay anywhere so you wont have to use cash
The cost of a person
4.sometimes theres a charge of ten dollars or some times it is free.

anonymous · Answer

thx :)

confluxepic · Answer

:)

confluxepic · Answer

To borrow money or keep it safe. There is no costs. The person gets his money safe and gets interest. An example would be to save his money.