Bunga bank
"Bunga bank" refers to the interest earned on bank deposits or the interest charged on loans. In the context of banking and finance, "bunga" means "interest," and "bank" refers to the financial institution.
There are two main types of "bunga bank":
Bunga Deposito (Deposit Interest): This is the interest that a bank pays to customers on their savings accounts or fixed deposits. It serves as an incentive for customers to save money in the bank.
Bunga Pinjaman (Loan Interest): This is the interest that a bank charges customers for borrowing money. It is a cost for the borrower and a source of revenue for the bank.
The interest rates can vary based on factors such as the type of account, the amount of money involved, the duration of the deposit or loan, and the prevailing economic conditions. Interest rates are typically expressed as a percentage per annum (per year).
Understanding "bunga bank" is important for personal financial management, as it affects both the growth of savings and the cost of borrowing.
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Upvoted! Thank you for supporting witness @jswit.