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Immunised from Banking Lurgy? Ep 335 David Tripe

NZ Everyday Investor

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The Importance of Banking

The most important interaction with banks is paying and receiving money. Most people get most of that service for free, he says. Banks are taking funds which people often just maybe as a temporary repository for funds. But if they go through a bank, the bank acting as a financial intermediary can provide both longer term and larger chunks of funding to the business than individual depositors would be willing to provide.

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