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How Does a Short Term Loan Work?

The automotive industry designs, develops, manufactures, markets, and sells motor vehicles, and is one of the world's most important economic sectors by revenue.In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying some quantity of another currency.

How Does a Short Term Loan Work?

Postby smith03 » Sat Dec 08, 2012 12:12 pm

Modern loan stores look and function more like a bank than a check-cashing or money-order store. This lends credibility to the establishment, helping borrowers feel better about their financial circumstances and the wisdom of their borrowing decision.
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Re: How Does a Short Term Loan Work?

Postby rickeyjohnson » Mon Oct 07, 2013 7:43 am

You may wonder why a bank pays you interest or where they get all of the money that they lent to you. Before we answer those questions let's cover a few basics. First let's answer what a bank is. A bank is a financial intermediary, which means they are an intermediate between savers and borrowers that accepts deposits and offers loans (for an official definition of a bank check this out, although it doesn't actually tell you what a bank really is Bank, Investor Words).
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