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What else can I help you with?
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)
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 :)
What do farmers spend their money on?
Most farmers spend their money on achol or cattle, most of the time they spend it on hookers
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.
Do banks track the serial numbers on money?
Yes, banks do not typically track the serial numbers on money.
What is the role of high street banks within the UK economy?
to spend the peoples money and rip of Ashley
What is cause of the global recession?
a recession is caused by consmers spending their money and banks giving out loans to easily and then all of a sudden you dont have enough money to spend
How could you use the computer to help you track how you spend your money?
there are a few programs determined, and made to help you keep track of the money you spend, but as well there are credit card websites, (cough* discover card) that allow you to track the money you spend on your card. Most banks have websites, and you may be able to check your balance on those.
how much money do i spend?
How much money DO you spend?
What are the 9 concurrent powers?
-to tax -borrow money -establish courts -enforce laws -charter banks and corporations -spend money for the general welfare -take private property for public purposes, with compensation
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)
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 :)
When was Spend My Money created?
Spend My Money was created in 2008-10.
How do banks use money?
they use money for money
Are banks out of money?
no
Who lend money?
Money lenders and banks.
Why is an individual bank more limited in its ability to create money than the banking system as a whole?
It is because when you spend the money and your check clears, your bank loses reserve deposits at the Fed and the other banks gain new reserve deposits at the Fed. Thus, reserves as well as deposits are redistributed among banks
