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stoy , 1 day ago Without charging of interest, why would a bank lend you money? Also you would not get interest on money you have in the bank. I agree that limits on charged interest on loans are needed, but abolishing them completely would destroy a big part of our society.
Without charging of interest, why would a bank lend you money?
Also you would not get interest on money you have in the bank.
I agree that limits on charged interest on loans are needed, but abolishing them completely would destroy a big part of our society.