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What might a typical southern farmer have said about the National Bank?
"it cant be safe to keep all that money in one place"
Why it is wiser to keep one's money in a bank than to hoard it in one's home?
In a bank, your money gains intrest and is less likey to be stolen. If you hoard your money in your house, a fire could take place or you could get robbed. Plus with your money on hand all the time you would be more willing to spend it.
If a bank collapses or closes will you loose all of your money?
It depends where your bank is. If it is in America you can loose all your money. But in India upto one hundred thousand ruppees is safe.
What was one outcome of Jacksons querrel with the bank of US?
he removed all federal governments money from the bank
Should the current economic crisis make you better off having your money as cash or in the bank?
That depends on whether or not you feel your money is safe in the bank. Remember, all money in bank deposits is insured up to $250,000. That means that even if your bank fails, you do not lose any money (unless you have over $250,000). No one has ever lost money that was insured by this program. Most would advise to keep money in the bank and let it earn interest rather than keep it in cash. The reason is simple: If you hide it in your house, what if your house burns down? If you carry it around, what if you get mugged or lose your wallet? If you bury it in the backyard, what if you forget where you buried it? Basically, it is less risky to keep it in a bank even if that bank has a risk of failure rather than trying to safeguard it yourself.
Did Andrew Jackson replace the Bank of the US with one large state bank?
No, Andrew Jackson did not replace the Bankof the U.S with one large state bank. Instead he vetoed the charter to renew the bank of the U.S then he took out all of its money and distrubited the money to various state banks.
What was the bank run of 1930?
it was when everyone in the town wanted to withdraw all there money at one time.
What are the benefits using Bank West's online banking?
Bank West has many benefits for using their online banking. Online banking makes it easier for one to keep up with the amount of money in one's account and to manage their money. One can also easily transfer money between one's saving and checking account through online banking.
Where can you get money in one hour?
The bank
Does Chase Bank offer money market accounts?
Chase does offer money market accounts. Check out their website to get all the information you need, or go to a chase bank and talk to one of their employees.
Where can one find the bank money market rates?
One can find the bank money market rates by going to Citizens Bank website. The website quotes rates on many financial rates, including bank money market rates.
What was one outcome of Andrew Jackson's quarrel with the bank of the US?
One outcome of Jackson's quarrel with the Bank of the United States was that he removed all the federal government's money from the back. This greatly reduced the bank's power.
