When banks give you a loan do they just 'type' the money into your bank account?

Answers:3   |   LastUpdateAt:2012-11-03 08:20:01  

Question
Sivashen
Asked at 2012-09-04 12:06:03
that is, not what it actually backed hard cash ? - I know it sounds like a silly question , and I guess the answer is no, but I read a couple of books . And if the answer is no, then how does it work ? - As banks have assets - is what you need to have a percentage of their " loans " backed by assets MedlinePlus ? thanks
Answer1MagnuAnswered at 2012-09-04 21:32:03
to give cash or by check or through your bank account number . You will pay a monthly fee of 3 or 5 years , depending on the application .
Answer2CarrieAnswered at 2012-10-15 04:56:35
Yes , but I have covered so you can take out .
Answer3Cheryl MontgomeryAnswered at 2012-11-03 08:18:27
yes its not real money. its just figures on paper.. its only real when you draw it out as hard cash.
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