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If money doesnt grow on trees then why do banks have branches?
Isn't it a bit unnerving that doctors call what they do "practice?" (:
What has the author K K Andley written?
K. K. Andley has written: 'A textbook of money, foreign exchange and banking' -- subject(s): Banks and banking, Money, International finance
What has the author David T Lapkin written?
David T. Lapkin has written: 'Money, banking, and the Nation's income' -- subject(s): Accounting, Banks and banking, Monetary policy, Money, National income
How does Michigan make its money?
they do number two on people to steal their money and dig mines
What is the name of money lender in the merchant of Venice?
Shylock.
How does bank earn profit?
The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
How much money is a two-dollar bill worth?
2 dollars. You can still get them at some banks.
Do banks iron money?
Banks do not iron money as this would burn it. The Royal Mint, who make the money, make it flat when it is made, and then send it to the banks like this. Ironing money is not recommended :)
How do banks use money?
they use money for money
Are banks out of money?
no
Does putting money in a bank go in the stock market?
The two major banks used by Western societies are savings banks and investment banks. Saving Banks are precisely what the name suggests; they hold on to it for you. This money is often used or loaning out to people in the form of mortgages and the like (which the bank collects interest on for profit), which is where banks make the money to pay you interest in money you keep in your account.Investment Banks (or Commercial Banks) are more designed for investors and businesses looking to indirectly turn a profit. The main difference here is that these banks typically trade securities and play the markets to make their profits, instead of through interest on loans.
Who lend money?
Money lenders and banks.
Why did FDR close America's banks?
America was in a terrible depression when FDR took office and banks were failing. People were rushing banks, trying to get their money out, which of course, they did not have, since they had loaned it out. Panic set it and closing the banks gave people time to think and banks time to make corrections. All the banks were audited and the sound ones were allowed to re-open in about two weeks.
How banks work?
Banks take your money and buy mcdonalds
Why do banks give interest on deposit?
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
Why banks have not eliminated the need for the money markets.?
Banks ARE the money markets. They are hardly likely to eliminate themselves.
