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Germany: If saving money costs money

2019-09-12T09:24:14.976Z

TIME ONLINE | News, backgrounds and debates


Berlin (AFP) Anyone who lends money to others or deposits their savings at the bank usually receives a fee - the interest rate. If you lend yourself money, you have to pay something in return for the loan. Interest is the price of money. In rare cases, the ratio can be reversed, then money creates money, which is then the negative interest or penalty interest.

Source: zeit

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