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/biz/ - Business & Finance

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54139691 No.54139691 [Reply] [Original]

Growing up, I thought bank interest was how interested the banks were in your account. For example, the banks would see an account with $2000 and say “wow this is interesting!” and deposit $2 as a tip for being such an interesting account.

>> No.54139770

>>54139691
LMAO

>> No.54139818

>>54139691
at what age did you realize you're an idiot?

>> No.54139821

>>54139691

It's ok, we are all retarded here

>> No.54139853
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54139853

>>54139691

>> No.54139908

>>54139691
Lol

>> No.54139919

>>54139691
I still don't understand why interest is accrued

>> No.54139977

>>54139919
bank borrow short and sell you the long end of the curve
they can't do that now with an inverted yield curve hence why you're not getting 5% on your cash in the bank
people move cash from the bank into T-bill and voila, banks go kablowy

>> No.54140068

>>54139977
I didn't disclose my interest rate to you, neither did I say whether I was getting above or below the fixed amount. I don't know what any other words you typed mean so leave me alone.

>> No.54140090

>>54139691
I used to think interest rate means that there’s the same interest for keeping money in banks as well as borrowing money from banks

>> No.54140107

I used to think you had to complete quests or kill monsters to add more money to the supply.

>> No.54140109

its ok
back before i knew anything about markets i thought trading stocks meant rich people traded soup or animal