Business, 24.07.2019 20:50, karencbetancourt

Charlie deposits, or invests, his paycheck in a savings account. the bank can then offer some of the money to a borrower in the form of a loan. how can charlie benefit financially from this relationship? charlie can feel good that he is a borrower. charlie can choose to invest his money in another bank that does not make loans to borrowers. charlie can decided to take his money out of the savings account. charlie can earn interest on his original deposit.

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Charlie deposits, or invests, his paycheck in a savings account. the bank can then offer some of the...