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Secrets of a Banker

A banker is not your friend. He is offering a service. He will charge you interest for taking a risk on you. He is nice to you because he doesn't want to alienate you from trusting his bank with your financial needs.

By encouraging the borrower to pay more than the minimum each month, the bank reduces its risk exposure, gets money back faster so it can make more loans (and earn money), and still has the house as collateral.

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Effective Business Leadership in Africa

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