Respuesta :
Answer:
The ability to understand how banks function can make you smarter through the knowledge of minimizing your risks due to exposure to credits and maximizing your profits through buying of high-risk networth bank instruments.
For example, obtaining credits facilities from the bank might seems like the best option intially but it is laced with challenges especially when you default in payment. This will affec your credit score.
On the otherhand, the ability to buy foreclosed houses at a cheaper prices from the bank while selling at a higher price to people helped you to make profits.These knowledge could only be possible through your understanding of how the bank works.
Explanation:
Understanding how banks work will help you become wiser by allowing you to minimize your risks from credit exposure and maximize your earnings by purchasing high-risk net-worth bank products.
Bank and bank function:
On the other hand, your ability to acquire foreclosed properties from the bank at a lower price and resell them at a higher price helped you make money. These insights are only feasible if you have a thorough grasp of how the bank operates.
Obtaining bank credit, for example, may appear to be the ideal option at first, but it is fraught with difficulties, particularly if you default on your payments. This will have an impact on your credit score.
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