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they get rid of it?(:
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∙ 11y ago
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What do banks do with money not held in the federeal reserve?
They loan it out to others. Banks make more money through lending money than through storing it.
Which banks hold indian black money?
A Big Part Of India's Black Money Is Held By Swiss Bank.
How can banks afford to pay interest on money held in savings accounts?
Magic elves
What do banks do with the money not held in reserve?
Loan it out to people, because they'll make more money by lending than by saving.
What is total amount of black money in 2011 by Indians?
Black money refers to money deposited in foreign banks by Indian citizens. In 2011, it was reported that 2.18 billion Swiss francs were held by Indian individuals and business in Swiss banks.
Coins held in commercial banks are?
You are talking about money coins. but there are artificial coins also like challenge coins. Do you know about this?
What do the securities held as assets by the Federal Reserve Banks consist mainly of?
The securities held as assets by the Federal Reserve Banks consist mainly of
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 :)
Can banks put a hold on a postal money order?
In the United States, per FDIC Regulation CC, U.S. Postal Money Orders are "next-day availability items" and cannot be held. However, if the check is particularly large some portion of it may be held, and if your account is repeatedly overdrawn, the check may be held.
How do banks use money?
they use money for money
Are banks out of money?
no
