|
05.20.2010, 10:00 PM
Can I ask a few simple questions.
- How many of you have a credit card?
- How many of you bought your house for cash?
- How many of you financed a car or any other kind of large purchase?
- How many of you have a pension / 401K invested in shares?
Bank - Definition
An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.
Last edited by Arct1k; 05.20.2010 at 10:01 PM.
|