Finance Fact #13: The $2 Bill Is Still Legal
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💵 In the U.S., $2 bills are still legal tender — just rarely used. Many people even collect them!
If you've ever wondered why your bank gives you money back when you spend—it’s not because they’re being generous. Cashback rewards are a strategic financial tool used by banks to attract customers, boost spending, and increase profits. Let’s explain how and why this works, and look at some finance facts from around the world to understand the full picture.
As banks rapidly adopt artificial intelligence (AI) to streamline customer interactions, many clients find themselves increasingly frustrated with AI-driven customer service. While AI chatbots and automated phone systems help financial institutions save costs, they often alienate customers who prefer speaking with a human representative. Here’s how AI impacts customer service in banking—and why some banks may be losing more than they gain.
Banks play a crucial role in the financial system by facilitating transactions, providing loans, and managing deposits. One of their most significant functions is money creation. But how exactly do banks create money? Let’s break it down step by step.
Consumer loans in France have become an integral part of personal finance, offering individuals the flexibility to manage expenses, from purchasing a new car to funding home renovations.
