Business And Savings

Question

Business Jokes

Before going to Europe on business, a man drove his Rolls Royce to a downtown NY City bank and went in to ask for an immediate loan of $5,000.

The loan officer was quite taken aback, and requested a collateral. “Well, then, here are the keys to my Rolls-Royce”, the man said.

The loan officer promptly had the car driven into the bank’s underground parking for safekeeping, and gave him $5,000.

Two weeks later, the man walked through the bank’s doors, and asked to settle up his loan and get his car back. The loan officer checked the records and told him, “That will be $5,000 in principal, and $15.40 in interest.”

The man wrote out a check, thanked the loan officer, and started to walk away.

“Wait sir,” the loan officer said, “while you were gone, I found out you are a millionaire. Why in the world would you need to borrow?

The man smiled. “Where else could I securely park my Rolls-Royce in Manhattan for two weeks and pay only $15.40?”



Link: http://www.free-funny-jokes.com/funny-business-jokes.html

Answer 1

Wait a minute!

A real bank would have added $1,000 in fees for managing the collateral! 

Comments

Lol, T(h)ink - yes, I also thought that administrative fees, taxes, etc., would be much higher.

Answer 2

Oh, well I do love the concept, Marianne...even though it's not how a real bank would do it! 

Comments

Lol - yes, Virginia; in real life, they would charge taxes, administrative, cleaning and other maintenance and guarding fees - although such fees are reduced considerably, if their clients are entrusting them with big amounts for investment and business operations.

Answer 3

Like Virginia said: Good concept but would never happen that way. Tink also, as there would have been all kinds off add on fees!

Good joke though! 

Comments

Lol - indeed, Rooster; this joke was only fiction.

We know that bankers' administrative costs, taxes and other fees are much higher in reality.