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bucky720

  • 4 years ago

If banks use our money to loan out, why is there no indication on my monthly statement and no deduction in balance?

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  1. markemoran
    • 4 years ago
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    All that the statement reflects is what the bank owes you.

  2. business1
    • 4 years ago
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    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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