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The “People Power” Money Superbook: Book 3 . Banks, Loans, Credit, Debt, Bankruptcy, Debit Cards

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Banks are in business to make money by lending money to consumers and business people. They are for-profit institutions. The banks loan money in return for the repayment of the principal plus interest over a set period of time. Banking is highly regulated by both state and federal laws that apply to banking transactions. There are generally four types of bank accounts: Savings accounts Checking accounts Linking accounts Joint accounts With a savings account, you save your money, possibly get a low interest rate on it and can't write checks on it. some banks charge a fee for opening a savings account. You can get an ATM card which will permit you to take money out at ATM machines. Some savings accounts offer a high-interest rate if you keep a minimum balance like $1000 or more. A Certificate of deposit (CD) is not an account. You agree to put a specific amount of money away for a certain amount of time (three months or longer) for the highest interest rate around.
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Product Details

ISBN
9781312104488
Published
April 14, 2014
Language
English
File Format
ePub
File Size
302.23 KB

Formats for this Ebook

ePub
Required Software Any ePub Reader
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Flowing Text
Printable? Yes
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