Typically, you will receive a very low interest rate on money you deposit in a bank. Interest
Question:
Typically, you will receive a very low interest rate on money you deposit in a bank. Interest rates on car loans and business loans are much higher. Why, then, do most people prefer putting their money in a bank to lending it directly to individuals or businesses?
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Directly lending your funds to someone for a car or business loan decreases your l...View the full answer
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Related Book For 
Money Banking And The Financial System
ISBN: 1801
3rd Edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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