test.vtt

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In this lesson, we're going to
be talking about finance. And

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one of the most important aspects
of finance is interest.

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When I go to a bank or some
other lending institution

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to borrow money, the bank is happy
to give me that money. But then I'm

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going to be paying the bank for the
privilege of using their money. And that

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amount of money that I pay the bank is
called interest. Likewise, if I put money

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in a savings account or I purchase a
certificate of deposit, the bank just

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doesn't put my money in a little box
and leave it there until later. They take

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my money and lend it to someone
else. So they are using my money.

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The bank has to pay me for the privilege
of using my money.

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Now what makes banks
profitable is the rate