anonymous
  • anonymous
If banks use our money to loan out, why is there no indication on my monthly statement and no deduction in balance?
Finance
katieb
  • katieb
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anonymous
  • anonymous
All that the statement reflects is what the bank owes you.
anonymous
  • anonymous
the indication on your statement is the interest a bank credits to your account. the deduction is shown on the statement of borrower, who pays you interest (via the bank) to use your cash.

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