Ask
your own question, for FREE!
History
6 Online
Which explains what happens to the money that a person deposits into a bank account? The bank saves some of the money for independent loans and pays some to the Federal Reserve. The bank pools the money with other district banks, allowing the person quick and convenient access to funds. The bank pays interest to the person and keeps every dollar and cent in the bank's vault until the person needs it. The bank reserves part of the money and uses the rest to make loans to other people who need them.
Still Need Help?
Join the QuestionCove community and study together with friends!
Am I right with D?
@smokeybrown
Yes, you would be correct because that's basically how banks work lol
Thank you
np :)
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
MrsTooTac:
pedos nowadays ud83dude4fud83cudffeud83eudd26ud83cudffeu2640 . its alot on here i can name .
Midnight97:
Kinda a roleplay story between me and my friend enjoy... Part one Forgive me for all the screenshots.
StevenisGhost:
what type of song should I make next, and will y'all go check out my new song on
Midnight97:
My drawing sure changed over the years look at these two pictures from 2024 to no
EdwinJsHispanic:
"poem" love is So Beautiful to have. But it's so hard to have. At this point I don't know whether its worth the wait Or if it's just millions of miles to re
EdwinJsHispanic:
"poem" love is So Beautiful to have. But it's so hard to have. At this point I don't know whether its worth the wait Or if it's just millions of miles to re
Breathless:
I don't know if this would be considered art, but its close enough I believe, Any
Demon25:
Let my silence be my voice Let my silence remind you how many times I tried speak
16 hours ago
0 Replies
0 Medals
21 hours ago
2 Replies
1 Medal
1 day ago
5 Replies
1 Medal
21 hours ago
6 Replies
1 Medal
3 days ago
3 Replies
0 Medals
5 days ago
0 Replies
0 Medals
1 week ago
3 Replies
0 Medals
1 week ago
5 Replies
1 Medal