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Do consumers deposit more or less money in the banks during Christmas time?
Wiki User
∙ 13y ago
Usually during Christmas time, customers deposit less money into bank accounts. Because, majority of them are shopping for gifts and treats for their kids and family members which means they will be taking money out of their bank accounts and not putting them into it.
Wiki User
∙ 13y ago
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What does a certificates of deposit represent?
Certificate of deposit or CD is a time deposit. This means it is a money deposit that can't be withdrawn during a certain period of time. They are commonly offered to consumers by banks, thrift instititions or credit bankers as an acting financial product. CD's are similar to savings accounts in that they are risk free and will never go anywhere but only have a fixed time that they can be held and have a fixed interest rate.
What is the plural word for bank deposit?
banks deposit
Why passbooks not given to time deposit holders in banks?
Why passbooks not given to time deposit holders in banks?
What describes the purpose of Federal Deposit Insurance Coporation?
to ensure that banks do not fail during an economic crisis
How do you spell bank deposit in plural form?
Banks deposit
Difference between certificate of deposit and fixed deposit?
A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks. A fixed deposit is the same thing as a CD but the term is more often used in south-east Asian countries like India, Sri Lanka, etc while certifcate of deposit is used in North American countries and likewise.
Where can someone find a bank with the highest Certificate of Deposit rate?
There are a wide variety of sites on the internet designed to help consumers find banks with the best certificate of deposit rate. Some examples of these sites include Bank Rate and Ally.
Why does it make sense for consumers to deposit their savings in a bank instead of keeping it home?
Banks pay interest on deposits - in return for investing their customers money in high risk returns.
Why banks arent allowed to loan out all of their deposit at once?
Who says they're not? The average loan-to-deposit ratio for banks in Maine, for example, is 100%. Banks can do this and still have cash on hand by borrowing money from other (usually larger) banks at a low rate, and loaning it to consumers at a higher rate. It's only a problem if a lot of people all decide they want their money at once.
Which statement best explains the purpose of the Federal Deposit Insurance Commission (FDIC)?
to ensure that banks do not fail during an economic crisis
How does the Federal Reserve help during bank runs?
The Federal Reserve provides deposit insurance and acts as a lender to commercial banks.
Can banks hold an automatic deposit so that other checks bounce in the same day before the deposit?
not if the deposit is in cash
