All About Cash
The financial institutions aren’t paying you interest on your money because they like you or because they feel charitable towards you. They are looking to make money from these deposits. How do they do this? They use the money that you deposit with them for their own investments. Therefore, they pay you the lowest amount of interest that they can—yet still high enough that when combined with their other services will still attract depositors—so that they can keep the greatest profit for themselves. However, despite the low return potential, cash is an essential part of your investment portfolio. First, let’s ...
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