Banking & Credit
Banking Basics

Types of Accounts

ATM & Debit Cards

Deciphering Your Bank Statement

How Banks Work

Online Banking
Credit: The Ups & Downs
Credit Agencies

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Banks basically take your money, lend it to your neighbor, charge her a steep interest rate for the use of the loan, keep most of the interest for themselves, and then pay you what little is leftover.

That's a highly simplified analogy, but it reflects the general concept. For a more detailed explanation, check out the following:

The Great Balancing Act
Banks borrow money from individuals, companies, and sometimes even governments, then turn around and invest the money in securities or through private loans to make a profit.

Central Banks
You can't exactly go into a central bank and ask to open a checking account. These are the big guns that establish national policy.

 Types of Accounts

 ATM & Debit Cards

 

 Deciphering Your Bank Statement

 

 How Banks Work

 

 Interest Rates

 

 

 

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