Main St. Finance is here to take personal finance and Wall Street investing and break it down to its basics so that all people can achieve an advanced understanding of the American financial system. You can then use that knowledge to better take control of your finances to manage budgeting, taxes, investments, retirement, and more.
Episodes
Tuesday May 04, 2021
55 - A Bank's Role in an Economy
Tuesday May 04, 2021
Tuesday May 04, 2021
Today we talk about the biggest and most important institutions of the global economy. Banks perform several vital roles in ensuring that money is constantly flowing through the economy so that productivity can keep going with little to no hiccups. Banks are sort of like the Robin Hood of the economy. They take money from the "rich" and loan it to the "poor". The terms rich and poor here refer to the amount of cash you have on hand and not your wealth. Tune in to hear how banks redistribute wealth and balance out the economy!
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Website: www.MainStFinance.org
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
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