Chapter 471 - 437: Food, Money Bank, Courting Death_2
Yang Zhenshan dismissed the idea of issuing debt notes again.
If the purchasers of the debt notes were all merchants, he could default on them when the time came, but many officials and soldiers in Chongshan Town had bought a large number of the debt notes.
If he were unable to repay the debt notes when the time came, the soldiers would become estranged and lose loyalty to him; he could not take this risk.
However, while issuing debt notes was not an option, he could still borrow money.
To be precise, he could accept deposits!
Chongshan Bank!
When Yang Zhenshan left the Finance Department, he was already planning to expand Chongshan Bank.
The time was a bit tight, but he should be able to attract a considerable amount of deposits.
Yang Zhenshan had decided to bring the concept of banks from his previous life to this world.
Depositing money would be free of management fees, and there would even be interest; this was an advantage, and with it, he should be able to attract numerous deposits.
Deposit terms could be categorized as demand deposits, three months, six months, and one year.