0
one that keeps only a small part of customers’ deposits on hand
MeGustaCulo
Wiki User
∙ 9y agoensures growth in the economy
Add your answer:
Earn +20 pts
What does reserve capacity mean?
reserve capacity  noun Automotive .the capacity of a battery, measured in minutes, to keep a vehicleoperating if the charging system fails.
What do you mean by clearance in banking terms?
what do you mean by clearance in banking
What you mean by statutory reserve that the banking companies are required to maintain?
It is the amount of money any bank has to maintain with the Reserve bank for every customer. Say you deposit Rs. 100 in ABC Bank, the bank cannot lend all the 100 bucks. They have to pledge a small amount say Rs. 10 with RBI and can lend only the remaining 90 and make an income out of that 90. This 10 bucks is the statutory reserve. The RBI modifies this reserve periodically.
What does WDL mean in banking?
Withdrawl
What does ctx mean in banking terms?
In banking terms, CTX refers to Corporate Trade Exchange. CTX is a transfer system used corporations and governmental agencies. The CTX format allows for a payment to several parties with a single funds transfer.
What is mean by shedule bank?
A Scheduled bank as per the Reserve Bank of India regulations is a bank that is authorized to provide banking services in India. Without RBI authorization no bank is supposed to provide banking services in India.
Where can you reserve the Nintendo 3DS?
Technically, you can't reserve the 3DS anywhere, if by "reserve" you mean "preorder," as the system is already out. However, you may be able to get any store that sells the 3DS to temporarily hold a system for you to pick it up later.
What does reserve capacity mean?
reserve capacity  noun Automotive .the capacity of a battery, measured in minutes, to keep a vehicleoperating if the charging system fails.
What do you mean by clearance in banking terms?
what do you mean by clearance in banking
What is the fractional horsepower motor?
I think you mean kW, not kwh. Fractional just means less than one.
What does the French word 'reserve' mean?
The French word "reserve" can mean reserve, backup, or a place set aside for a certain purpose. It can also refer to a nature reserve or a reservation.
What does Federal Reserve Note mean?
Federal reserve notes are paper money in the United States. The Federal Reserve is the nation's central bank. All current US bills are issued by the Federal Reserve system,but in the past some bills were issued directly by the government and others were issued by private banks with government backing.
What do you do when finding the mean and the number has a remainder?
You incorporate the fractional remainder into the mean. The mean does not have to be a whole number.
What you mean by statutory reserve that the banking companies are required to maintain?
It is the amount of money any bank has to maintain with the Reserve bank for every customer. Say you deposit Rs. 100 in ABC Bank, the bank cannot lend all the 100 bucks. They have to pledge a small amount say Rs. 10 with RBI and can lend only the remaining 90 and make an income out of that 90. This 10 bucks is the statutory reserve. The RBI modifies this reserve periodically.
What do the fractional numbers on a bank check mean?
Use your brains.
Fractional notation of 95?
makes no sense..do you mean 95%
What does Bank charges mean?
what does banking charges mean
