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In Business / College | 2025-07-07

Explain what happens to your money when you deposit it.

Asked by sisa4Ever

Answer (2)

When you deposit money into a bank, it becomes part of your account balance while the bank uses those funds for loans and investments. You may earn interest on your deposits, which rewards you for allowing the bank to utilize your money. This process plays a crucial role in the financial system and personal finance management. ;

Answered by GinnyAnswer | 2025-07-07

When you deposit money in a bank, your account is credited with that amount, and the bank uses a portion of these funds to make loans and investments. You may earn interest on your deposits as a reward for allowing the bank to use your money. This process is essential for personal finance and the financial system overall.
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Answered by Anonymous | 2025-07-17

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