How does understanding how banks function make you a smarter consumer?

History

1 answer:

KATRIN_1 [288]3 years ago

7 0

Answer:

The ability to understand how banks function can make you smarter through the knowledge of minimizing your risks due to exposure to credits and maximizing your profits through buying of high-risk networth bank instruments.

<em>For example, obtaining credits facilities from the bank might seems like the best option intially but it is laced with challenges especially when you default in payment. This will affec your credit score. </em>

<em>On the otherhand, the ability to buy foreclosed houses at a cheaper prices from the bank while selling at a higher price to people helped you to make profits.These knowledge could only be possible through your understanding of how the bank works.</em>

Explanation:

You might be interested in

What was the National Assembly? Why did the Third Estate respond to the unfairness of the Estates General by creating this?

Dmitriy789 [7]

The Third Estate declared itself to be the National Assembly because they wanted the voting system to be fair and they would have the majority vote. When the king wanted the old ways, the third estate replied by making itself the National Assembly and drafted a new constitution. I hope I helped

7 0

3 years ago

Tanzania [10]

Answer: D

Explanation:

6 0

3 years ago

Select ALL the correct answers.

steposvetlana [31]

The correct options are A). They caused China's economy to crash, B)They required China to buy American goods, and D)They included tariffs on goods imported from China.

<h3>What were the reasons of President Trump's trade policies with China?</h3>

Under the US and China agreement, China signed it that it would expand the purchase of the American products for the two year period.

President Trump started the trade war with the China by imposing 25% tariffs on the imports of steel and 10% on aluminum as China was doing unfair trading practices.

After the unfair trade practices of the China, the president Trump caused the China's economy to crash.

Learn more about the trade war between the US and China here:-

brainly.com/question/9192061

#SPJ1

4 0

1 year ago

True or false the Supreme Court ruled in the insular cases that the us constitution automatically applied to people in acquired

vovikov84 [41]

This is FALSE. The Supreme court did NOT rule in the insular cases that the United States Constiution automatically applied to people in acquired territories.

6 0

3 years ago

According to the 50-30-20 rule, you should plan on spending 50 percent of

Alex

You should spend 50 percent on needs 30 on wants and 20 on goals or savings

3 0

2 years ago