An old Indian man comes to the bank and asks for a loan of $500. The bank employee begins to fill out the paperwork.
- What are you going to do with this money? - he asks the Indian.
— I will go to the city to sell the jewelry that I made.
— What do you have to secure bail?
“I don’t know what “Pledge” is,” says the Indian.
- Well, collateral is something that has value and can cover the cost of the loan. Do you have a car?
— Yes, a truck made in 1949...
“No, that won’t do,” says the bank employee, “maybe you have cattle?”
- Yes, I have a horse...
- How old is she?
- I don’t know, she no longer has teeth to tell... In the end, the Indian gets a loan and is given $500. A few weeks later, the Indian comes to the bank again, takes out a wad of money and returns the loan.
- What are you going to do with the rest of the money? - the same employee asks him.
“I’ll put it in the wigwam,” says the Indian.
— You can make a deposit in our bank.
“I don’t know what “Deposit” is,” the Indian answers.
- Well, you give your money to the bank, the bank takes care of it, and when you need money, you can take it...
The old Indian thought and asked:
— What does the bank have as collateral?
Translated from Russian · original on wisdomlib.ru