lom@sh.itjust.works to asklemmy@lemmy.ml · 2 years agoWhat's the craziest thing we just take as granted?message-squaremessage-square82linkfedilinkarrow-up167arrow-down11
arrow-up166arrow-down1message-squareWhat's the craziest thing we just take as granted?lom@sh.itjust.works to asklemmy@lemmy.ml · 2 years agomessage-square82linkfedilink
minus-squareutiandtheblowfish@lemmy.worldlinkfedilinkarrow-up2·2 years 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.