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The acts as a bank for other banks?
Federal Insurance Corporation
What is the other name for the central bank?
what is a reserve rate
What other online banks are similar to Associated Bank?
I know that the main bank that is like Associated Bank is called HSBC. It's also an online bank that has a few branches as well. There are also many offshore banks that are online only.
List of cooperative bank in bohol?
One of the most popular cooperative banks in Bohol is the Cooperative Bank of Bohol. Other reliable and well-known banks in the city of Tagbilaran, Bohol are: PNB or Philippine National Bank, LandBank, BPI, and Metrobank.
What type of bank is used mostly by corporations and other large businesses but may also offer services to individuals?
Commercial Banks
How central bank of nigeria controls other commercial banks?
central bank control other bank by giving them loan and it debited their account.
Which is known as bank of bank?
Usually the central bank of a country is called the bank of banks or the banker of banks. When normal banks have a shortage of cash or need some funds or guidance, they go to the central bank. That is why they are called so. In india, the Reserve Bank of India is the bank of all other banks in India.
Why is the central bank called the bank of banks?
why bank called bank of all banks
Why is central bank called the bank of banks?
because it it seen as the main (central) bank, so it is known as the bank of (all) banks.
What banks acts as a bank for other banks?
It varies from country to country. Every country has a central bank that is the bank for other banks in the country. Ex: Federal reserve system - USA Reserve Bank - India etc
Why are some banks called national banks?
The term national bank is confusing, since it sometimes is used in the same way as 'central bank.' A central bank is responsible for controlling a country's supply of money and setting other monetary policy. However, many privately-held banks also have 'national' in their name, but are not central banks.
Differences between functions of the central bank and commercial bank?
central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not.
What are functions of central bank India?
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
How does the central banks control the interest rate?
Central banks control interest rates by altering the repo rate. Repo rate is the rate at which banks borrow money from the central bank. So if the central bank hikes the repo rate, the banks will automatically hike their lending rates. similarly if the central bank reduces the repo rate, banks will lower their lending rates too.
How does the central banks control the interest rates?
Central banks control interest rates by altering the repo rate. Repo rate is the rate at which banks borrow money from the central bank. So if the central bank hikes the repo rate, the banks will automatically hike their lending rates. similarly if the central bank reduces the repo rate, banks will lower their lending rates too.
What is the role of central bank?
The role of the central bank is to control all local banks in a country.
Does the district central cooperative banks are government banks or private banks?
government bank
