2007-01-17 09:03:38 · 6 answers · asked by Pope 1 in Business & Finance ➔ Corporations
Very important to plan your finances
2007-01-17 09:06:29 · answer #1 · answered by Scotty 7 · 0⤊ 0⤋
Without banking, there would be no finance. We would all run out of money and back to bartering. By the time you earned enough to buy dinner you would not have enough to pay for a bed to sleep in.
Banking is why we are able to do all the things we do. We hate the bankers because we believe that they do nothing for us. If you are given $10,000US at the beginning of the year and paid everyday you work. Without banking you would not have enough money to make it through one year in the average American city. Please remember, you will have to run home and get your money from under the mattress when ever you find something you wish to buy. The time loss alone would damage most lives.
2007-01-17 17:19:41 · answer #2 · answered by whatevit 5 · 0⤊ 0⤋
Nobody wants to loan you money if you don't have a bank account. You get better interest rates when you have a good history of barrowing money and paying it back. Good credit is an Asset...No credit or bad credit is a Liability. Anything that makes life easier is ok with me.
2007-01-17 17:12:51 · answer #3 · answered by Becky F 4 · 0⤊ 0⤋
Very important. I'll take my 10 points now.
2007-01-17 17:06:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Only the continuation of the western world as we know it..apart from that, not much really
2007-01-17 17:06:13 · answer #5 · answered by Doodie 6 · 0⤊ 0⤋
You gotta be stupid!!!! Now, I was told I get 10pts...gimme them now!
2007-01-17 18:56:20 · answer #6 · answered by Some A-hole 1 · 0⤊ 0⤋