rainberries
Answered

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do you think banks benefit society? if so, how and why?

Sagot :

jcherry99

Answer:

Explanation:

Why is easy. To make money. I mean increase wealth not like the Fed which literally does make money - to the tune of trillions per year.

Good Banks do serve a useful purpose. They take the money that savers put on deposit and loan it out to businesses to increase their net worth or individuals who want things like condos or houses.

The economy benefits by money circulating. The individuals benefit by investing in real estate and other tangibles to make them wealthier.

Not all banks especially recently, are honest. It is creating a lot of trouble.

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