lom@sh.itjust.works to Asklemmy@lemmy.ml · 1 year agoWhat's the craziest thing we just take as granted?message-squaremessage-square83fedilinkarrow-up170arrow-down11
arrow-up169arrow-down1message-squareWhat's the craziest thing we just take as granted?lom@sh.itjust.works to Asklemmy@lemmy.ml · 1 year agomessage-square83fedilink
minus-squareutiandtheblowfish@lemmy.worldlinkfedilinkarrow-up2·1 year agoBanks use your money to invest. They only have to have a small percentage of their holdings in cash on hand so they can invest, make money, and pay you interest. Your money isn’t just sitting in a vault at your local Bank of America branch.
Banks use your money to invest. They only have to have a small percentage of their holdings in cash on hand so they can invest, make money, and pay you interest.
Your money isn’t just sitting in a vault at your local Bank of America branch.