Question

Why might an individual want to use a bank? What are the costs to the person? What are the benefits? Give an example of why a person would use a bank.

Answer 1

An individual would want to use a bank because of some reasons. One is that it is a safe place to keep their money. Another reason is that there is an interest when you put your money in a bank. Which means your money will continue to grow. 

Answer 2

Answer:

An individual would need to utilize a bank in light of certain reasons. One is that it is a sheltered spot to keep their cash. Another explanation is that there is a premium when you put your cash in a bank. Which implies your cash will keep on developing.