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Savings vs Borrowing
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Created on July 29, 2020
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Transcript
The amount the bank is entitled to loan out.
Less than 2% of the Total
What the Bank Pays Interest On
What the Bank Charges Interest On
If banks/credit companies are loaning out far more than you are paying on deposits, there is no need for the savings interest rate to be lower than the brrowing interest rate.
savings vs Borrowing Interest Rates