Post
Topic
Board Economics
Re: Banks Won't Make You Rich
by
g-unit
on 30/04/2018, 13:48:02 UTC
This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Lips sealed Banks are just for keep your money safe!  Tongue

Banks are created for profit by their owners. They are not supposed to give a profit to people. It's our interest, not theirs. But they can provide us with different financial services such as deposit and credit.