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How Money Really Moves
Manage episode 385091885 series 3461774
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We have talked about earlier how cash is still king, but do we really know how money really moves? Financial institutions can loan money to potential investors or customers with an attached annual percentage rate (apr). APR refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors. This basically means they will get back more money than they lend out. They make a profit of loaning out the capital they have in reserve. This is how money moves. It moves 365 days a year, 7 days a week, and 24 hours a day.
Most small businesses survive off of financial transactions, business grants, and business loans. All of that is possible because money is available in some form of fashion. Tune in to this episode to get a better understanding of how money really moves.
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