Banking 101 by Javier Vazquez-444000845 https://padlet.com/444000845/pf9fqrhq4joi en-us 2017-01-18 16:38:45 UTC 2017-01-18 17:10:56 UTC hello@padlet.com Does the bank use our money while it sits in a account? If so what types of account do they choose to take from? 444000845 https://padlet.com/444000845/pf9fqrhq4joi/wish/147872689 So they do not tangibly take your money. You keep money on deposit and they keep it on the books and re-invest and use deposits accounts so their is a solid block of money they can use. Not liquid accounts where a client can take money out at any moment.]]> 2017-01-18 16:49:47 UTC https://padlet.com/444000845/pf9fqrhq4joi/wish/147872689 Who are the FDIC and what role do they have in our Classic Saving account? 144002232 https://padlet.com/444000845/pf9fqrhq4joi/wish/147874475 2017-01-18 16:54:09 UTC https://padlet.com/444000845/pf9fqrhq4joi/wish/147874475 What kind of interest rates does your bank offer that would be best for a teenager earning minimum wage? 444000845 https://padlet.com/444000845/pf9fqrhq4joi/wish/147874855 Interest rate are low for deposit account. The fed will dictate the money and rates for any accounts.]]> 2017-01-18 16:55:08 UTC https://padlet.com/444000845/pf9fqrhq4joi/wish/147874855 Do you get a tax deduction when you take your money out of the bank after you serve your time? 444000845 https://padlet.com/444000845/pf9fqrhq4joi/wish/147874958 2017-01-18 16:55:23 UTC https://padlet.com/444000845/pf9fqrhq4joi/wish/147874958 What process does the money that someone puts in a account make that makes it grow? 444002248 https://padlet.com/444000845/pf9fqrhq4joi/wish/147876530 2017-01-18 16:59:35 UTC https://padlet.com/444000845/pf9fqrhq4joi/wish/147876530