Where Do Banks Get Their Money? Fractional Reserve Banking

Do Banks Create New Money out of Thin Air? **Re-posted after the events of the credit crunch and 700 bailout packages, enjoy the read and learn how the banks got themselves in this mess.** Here’s the story. Banks keep on lending money, but where do they get it from? Do they borrow from bigger banks … Continue reading Where Do Banks Get Their Money? Fractional Reserve Banking

Terms and Conditions of Loans and Mortgages

Terms and Conditions of Loans and Mortgages – Excel Loans are among the most significant financial transactions involving interest. Loan represents a contract between a borrower and lender. The borrower is provided by the lender with an amount of money, which is repaid later, and on which the interest is paid. Mortgage is generally a … Continue reading Terms and Conditions of Loans and Mortgages