Question

НУЖНО СОСТАВИТЬ ПЕРЕСКАЗ ТЕКСТА. ДО 10 ПРЕДЛОЖЕНИЙ Banks If you work, you've probably got a bank account. You could keep the money you earn each month in a box under your bed, but it wouldn't be very sensible. One reason is that it's not very safe. If your house gets burgled, you'll lose everything you've saved. Another reason is that your money will lose value. As prices rise, the money in a box under your bed will be able to buy fewer and fewer things. Money in a bank savings account, however, will earn interest. The interest will help compensate for the effect of in-flation. But banks are more than just safe places for your money. What other services do they offer? The other main service is lending money. Individuals and businesses often need to borrow money, and they need a lender that they can trust. This is exactly what banks are - reliable lenders. In fact, most of the money that people deposit in their bank accounts is immediately lent out to someone else. Apart from storing and lending money, banks offer other financial services. Most of these are ways of making money more accessible to customers. For example, banks help people transfer money securely. They give customers cheque books and credit cards to use instead of cash. They provide ATM machines so that people can get cash any time of the day or night. But how do banks make a living? Basically, they make a living by charging interest on loans. Of course, when you make a deposit into a bank savings account, the bank pays you interest on that money.However, the rate they pay savers is less than the rate they charge borrowers. The extra money they make by charging interest on loans is where banks earn most of their money. For banks, interest is also a kind of security. Sometimes people do not pay back money they borrow. This is called defaulting on a loan. When someone defaults on a loan, the bank uses money earned from interest to cover the loss. All of this means that most of the money people have saved in the bank is not there at all! A small amount of the total savings is kept by the bank so that customers can make withdrawals. The rest, however, is made available for loans. The amount that is kept is called the reserve.The reserve must be a certain percentage of all the savings received from customers - for example 20 per cent. This figure is set by the central bank, and this is one of the ways that governments can control the amount of money circulating in the economy.

Answer 1

Ответ:

If you work, then you most likely have a bank account since keeping money in cash at home is impractical in terms of inflation and inconvenient. banks are not only a convenient way to store their savings, they also provide the possibility of lending money, safe transfer and the ability to withdraw cash at any time of the day. Bank earnings are based on interest on loans the same money and banks use to cover losses for default. all this means that most of the money that people have accumulated in the bank.

Объяснение:

ну как то так

Answer 2

Banks play a vital role in managing our money. Instead of storing our earnings under the bed, we opt for the security and convenience of a bank account. By doing so, we safeguard our money from theft and benefit from the interest earned on savings, which helps counter the effects of inflation.

Apart from providing a safe place for our money, banks offer various other services. One of their primary functions is lending money. Individuals and businesses often need financial assistance, and banks serve as trustworthy lenders. Interestingly, the money we deposit in our bank accounts is promptly lent out to others, making banks integral to the economy's financial flow.

Moreover, banks offer several services that make money more accessible to customers. They facilitate secure money transfers, provide checkbooks and credit cards for convenient transactions, and install ATMs for round-the-clock cash withdrawals.

Banks generate revenue by charging interest on loans. When we deposit money in a savings account, the bank pays us interest, but the interest rate for borrowers is higher than what savers receive. This difference in rates allows banks to earn profits.

Interest serves as a safety net for banks as well. Occasionally, borrowers default on their loans, but the income from interest helps cover these losses. Interestingly, most of the money deposited by customers is not physically stored in the bank. Instead, a small portion serves as a reserve for withdrawals, while the rest is made available for lending.

The central bank sets the percentage of the reserve as a way to control the money supply in the economy. By managing this figure, governments can influence economic stability and growth.

In conclusion, banks are essential institutions that provide security, lending services, and financial accessibility. Through interest charges and prudent management of reserves, banks ensure the smooth functioning of the economy and support individuals and businesses in achieving their financial goals.