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Essay

Human

Essay specific features

 

Issue:

Biographies

 

Written by:

Clinton R

 

Date added:

February 16, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 702

 

Was viewed:

9962 times

 

Rating of current essay:

 
Essay content:

Deposits are money people leave in an institution with the understanding that they can get it back at any time or at an agreed-upon future time. A loan is money let out to a borrower to be generally paid back with interest. This action of taking deposits and making loans is called financial intermediation...
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A bank's business, however, does not end there. Most people and businesses pay their bills with bank checking accounts, placing banks at the center of our payments system. Banks are the major source of consumer loans -- loans for cars, houses, education -- as well as main lenders to businesses, especially small businesses...
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