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The government prints the money and it is owned by the government until it is in circulation in the markets. Once money reaches the market, it is owned by the person who has it in his possession. So if you have the money in your wallet you own it and similarly if I have it in mine I own it.
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Does the government own the banks?
No. The Government oversees the operations of all the banks but it does not own them. Nationalized banks are partially owned by the government but private banks are not owned by the government.
Does anyone keep cash in a safe at your house anymore I just do not know if I trust banks?
Some people do prefer to keep their cash in a safe in their own house. This is because many people no longer trust the banks with their money. If you decide to do so, make sure the safe is secured and not easily tranportable.
When banks run out of money to loan to people where do they get more money?
Either from other banks or their own particular government. In the worst case they can borrow from other banks outside the governance of their local control. It's a great merry-go-round of displaced irresponsibility. We all loose. ~JCF
List of banks owned by the government?
In the United States, it is not legal for the government to own commercial banks. If a bank is taken over for insolvency, it is the Federal Reserve that receives it. The Federal Reserve is a private agency and not part of the government.
What is meant by the term financial resources?
The term financial resources means the money (cash, cash equivalents, and credit) and other valuable property that you own that you can use to do things that require money be paid.
Does the government own the banks?
No. The Government oversees the operations of all the banks but it does not own them. Nationalized banks are partially owned by the government but private banks are not owned by the government.
Where do banks bank their money?
Banks receive their funds - the money which belongs to them - in the form of interest from mortgages, loans, etc. They also use a large portion of the money they are intended to safeguard from customers, sublending it in turn. They receive their cash - the money in paper and coinage form - from special factories called mints; this is both directly and indirectly as all money must originate in a mint at some point. Mints produce the money, and it is given to the banks in exchange for funds in the form of an account; customers also deposit cash they have received from other sources indirectly receiving it from the mint. Some banks also have permission to print and form their own money, for example three banks in China, in addition to the official or government mint. ^^This
Does anyone keep cash in a safe at your house anymore I just do not know if I trust banks?
Some people do prefer to keep their cash in a safe in their own house. This is because many people no longer trust the banks with their money. If you decide to do so, make sure the safe is secured and not easily tranportable.
Who own cash money record?
slimm owns cash money records
When banks run out of money to loan to people where do they get more money?
Either from other banks or their own particular government. In the worst case they can borrow from other banks outside the governance of their local control. It's a great merry-go-round of displaced irresponsibility. We all loose. ~JCF
How did jacksons policies contribute to the panic of 1837?
They were directly related to the economic panic of 1837 since he destroyed the bank of the US that could easily transfer money between areas that were in flush with cash to areas that were short on cash. Jackson took the money from the Bank of the US and put it in state banks that coincidentally had Jackson on the Board of Directors. These state banks also contributed by printing their own money and increasing inflation.
If there is no money in a checking account can you cash a check?
There are a couple ways to answer this question. 1) IF A CHECK IS WRITTEN OUT TO YOU.. and you would like to cash it but have no money in YOUR account: Unless it is a government check or a payroll check you will not be able to cash it. Most banks now require you to provide your Social Security Number when cashing it instead of your account number (since there is no money in your account to "hold the check" against.) IF you still need to cash it you can always bring it to the bank that it was "drawn off of" on every check it says what bank that persons account is at. 2) IF A CHECK IS WRITTEN YOU TO YOU.. and you would like to cash it but the person whose account it's coming from does not have enough money (or no money) you'll still be able to cash it, however the person whose account its coming from will be hit with an overdraft fee. Also, when you bring it to your bank to cash it and it is "drawn off" a different bank the money may be drawn out of YOUR OWN account. Banks dont like giving out money for free. I highly suggest you bring it to the bank it was drawn off of to avoid any problems. 2) IF YOU WROTE OUT A CHECK.. and dont have enough money in your account the check might go through, but you will be hit with a big overdraft fee for going below $0.
Does Cash Money records own Young Money?
Nopee. They are two individual recording companies. ("
List of banks owned by the government?
In the United States, it is not legal for the government to own commercial banks. If a bank is taken over for insolvency, it is the Federal Reserve that receives it. The Federal Reserve is a private agency and not part of the government.
Raising the discount rate to members banks will in turn cause the member banks to raise interest rates to their own customers?
Prime Rate ---- the rate at which banks lend money to each other and the Federal Reserve lends money to banks
How does the government make money in a dictatorship?
It steals it from the government. The dictator uses the people’s money for his own uses and makes money on deals that benefit him. He uses the resources of the nation for his own benefit.
Are there any banks for children to store their money?
All banks do that. All banks have facilities where kids can open bank accounts. However, they will require an adult to be a joint holder or guardian for the account until the kid turns 18. The kid can visit the bank branch themselves to deposit any cash they want (you can even deposit $5 or $10 into a kids savings account). Actually banks these days are encouraging kids to have their own bank account in order to educate them about money and how to save for a better future.
