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What are the usefulness of banks?
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[QUOTE="Sotherefore, post: 205628, member: 27033"] The main function of the bank to me is just to save my money that I am interested to use immediately , and not to save my money there for long-term purposes because I just consider it as a waste of time . Bank generally has been in existence for a very long time and people are making use of it as their saving company...well that is just the best way to save your money since it is backed up by the government , there is no possibilities of bankers running away with people's money As technology goes by a lot of investment erupted both in the online space and offline space and people who making use of the online investment has reduce the concentration of investors in the banks, Now people are no more interested to save their money in the bank since some people have a better investment that can be able to generate them a good return profit on investment compared to what banks can offer. Most of my investment goes into cryptocurrency because it is mainly for long-term purposes and it is more profitable to save money in that way than to let it be in the bank that won't give you any return on investment. [/QUOTE]
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What are the usefulness of banks?
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