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What exactly meant by bank turnover?
Bank's turnover means the sum of the 2 primary functions of the bank i.e lending and borrowing. Thus, it is the sum of the bank's total deposits and total advances. Deposits are the liabilities of the bank and advances are the assets of the bank. - Smriti
What is the proportion of the bank deposits kept by the bank for day to day transcations?
1% of the total
When was Central Bank of Luxembourg created?
Central Bank of Luxembourg was created in 1998.
What were the total bank deposits in the south during the Civil War?
$47 million
The percentage of the bank's total deposits that it must keep in its own vaults is called the .?
reserve requirement
Are deposits assets or liabilities of a bank?
Customers deposits in a bank are the bank's liabilities because they are OWED to the customer.
What is working capital in a Bank?
Total of Share capital, reserves and other funds and deposits is working capital of the bank but less revaluation reserve.
Types of deposits?
The four types of deposits are: Recurring, Fixed, Savings and Current Savings. Deposits refer to the summary or total of the money kept or place in a bank account.
What were American bank deposits in 1995?
In 1995, $2.7 trillion was held in American bank deposits
In reference to federal reserve policy what are reserve requirements?
the percentage of a bank's total deposits that must be kept in its possession
In reference to federal reserve policy what are reserve requirement?
the percentage of a bank's total deposits that must be kept in its possession
In What reference to Federal Reserve policy what are reserve requirements?
the percentage of a bank's total deposits that must be kept in its possession
