Banking Explained

Subject: Banking explained

David bought a donkey from a farmer for £100.00.

The farmer agreed to deliver the donkey the next day.

The next day he arrived and said, “I’m Sorry, but I have some bad news, the donkey died”.'

David replied, “Well, then just give me my money back”.

The farmer said, “I can't do that as I have spent it already”.

David said, “OK, then, just bring me the dead donkey”.

The farmer asked, “What are you going to do with him?”.

David said, “I'm going to raffle him off”.

The farmer said “You can't raffle off a dead donkey!”.

David said, “Sure I can, watch me. I just won't tell anyone he's dead”.

A month later, the farmer met up with David and asked, “What happened

with that dead donkey?'”.

David said, “I raffled him off. I sold 500 tickets at two pounds each

and made a profit of £898.00”.

The farmer said, “Didn't anyone complain?”.

David said, “Just the guy who won. So I gave him his two pounds back”.

David now works for Goldman Sachs.