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Question: How dose the public obtain money from banks?
The public can obtain money from banks in a variety of ways, depending on their individual needs. The most common ways are taking out a loan or opening a savings account. When someone takes out a loan, they are essentially borrowing money from the bank with the promise of repaying it, with interest, over a set period. Opening a savings account allows individuals to deposit funds and earn interest over time. Banks also offer other financial services such as credit cards, lines of credit and investments.
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