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Thread: Do Banking practices hurt economies?

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  1. #9
    Junior Member mark.1's Avatar
    Join Date
    Oct 2012
    Location
    USA
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    5
    Yes it badly effects economics. Because banks deals with profit, interest. What i think is that banks charge interest at every step. When you withdraw money Banks charge interest when you invest money banks charge interest when you take loan that means you will have to be charged double against that loan. The conclusion is that Banks effects Economy badly.
    Last edited by mark.1; 10-15-2012 at 06:27 AM.

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