For example, when we buy things at a store say Wal-Mart, do they have a bank account themselves at an institution? Where does the money of our debit or cash transactions post to? I know cash gets picked up by an armored truck, but to where? Thanks in advance for assisting my curiosity!
In: Economics
People deposit money and make payments on the loans. When you spend the money, the store deposits it, so they can pay workers and suppliers.
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