deposit money

What Do Financial Institutions Do With The Money Deposited With Them?

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What Do Financial Institutions Do With The Money Deposited With Them? Now you know why we have financial institutions: they act as intermediaries between savers and borrowers and they direct the flow of funds between them. With funds deposited by savers in checking, savings, and money market accounts, they make loans to individual and commercial

What Is The Difference Between Money And Currency?

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What Is The Difference Between Money And Currency? The major difference between Money vs Currency is that money is entirely numerical i.e. it’s only intangible which one cannot touch or smell whereas currency can be touch and smell and its tangible. How are money and currency related? Indeed, money is the lifeblood of economies around