A few days ago
what does to bank or not to bank?
my teacher gave me this question and she wanted us to write a paragraph on what we think it means i’m running out of ideas can u guys help me out please?
Top 2 Answers
A few days ago
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I am assuming that this is an economics related question, here is my bet.
Any money that you obtain and you are not currently using for something else (living expenses, etc.) should be used in such a way that it is making you money or at least keeping up with inflation (avg of 3% per year). If you bank your money in a normal bricks and mortar bank (even in a savings account) you are actually losing monetary value as time goes by due to the inflationary pressures exerted upon the economy.
I don’t know, not really enough information to know what it means, thats my guess.
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A few days ago
Maybe something to do with the economy, and interest rates? Maybe it has to do with Shakespeare … something about his The Merchant Of Venice play?
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