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When money is deposited in a bank, that bank uses the money for loans and other business endeavors. The money in an account belongs to the owner and can be withdrawn at any time. If the bank is in trouble, the deposits are insured through the Federal Deposit Insurance Corporation.
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What are the advantages of mail transfer of money by banks over bankers draft?
mail transfer are faster than bankers draft
What was the purpose of Emergency Banking Relief Act?
The purpose was to save as many banks as possible and restore confidence in the banking system. Banks make money by lending out a part of the money that people deposit in them. If everybody with money in the bank tries to take their money out, the bank can not give it back at once and the bank fails. But, if people hear the bank is about to fail, they panic and try to get their money out, so the bank is sure to fail. This is what was happening and banks all over were failing. Roosevelt closed all the banks for a short time to stop the panic. Those that were sound were re-opened and depositors had their deposits insured against loss by the government.
What banks took over crossland savings bank?
Republic National Bank of NY which merged with HSBC on 12/31/1999.
Why do bank savings account interest rates change over the years?
The interest rate at which they lend out money changes, which changes your interest rate. Banks are a buisness and if their interest rates are lower then your interest rates, they make no money on it. The interest rate taht banks pay is changed because the rate that banks pay to the govenrment changes. Whnever the federal reserve rate changes,your interest rates can change.
What are the benefits of having a Chase One Card?
The benefits of having a Chase One Card is that there are many banks of that one all over the place for whenever you need money. The card may even save you some money.
Are there banks in assassins creed 3?
There aren't places that are specifically "Banks" with the money in them but there are wagons that are all over the place with that title.
What are two reasons that the Nicholas Biddle might have had for trying to save the national bank?
* To help regulate state banks * to keep the money in the bank where no other bank could take over and have more power over any other bank
Should the federal reserve control the money supply?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why the Federal Reserve regulates the banks to ensure that customers are protected and the country's economy is safeguarded.
House of represenatives have more power over the nation's money than the senate?
The House does have more power over the Senate when it comes to the nation's money.
Who distribute money to banks?
the government distributes money to banks all over the world. the bank gets a whaty ever they giv out. for example if a bank a bank gave out 1,000,000 they would git that back with intrest
How did Jamie have control over his big sister?
he gives him all his money
Why is people so important to banks?
People are the banks source of income. Basically people deposit their money into the bank and then the bank uses it. To make money, the banks then lend what they have to people so that they can buy a house (home lone). The people using the lent money must repay it over a period of time with addition to an interest payment. Therefore they end up paying back more than the lent in the first place, so the banks make money. So the banks need people.
What are the advantages of mail transfer of money by banks over bankers draft?
mail transfer are faster than bankers draft
What gives one person control over another?
fear, money/bribery, and/or a rank.
What is an example of Germanys aggression in Europe?
When Hitler ordered a Polish invasion, Britain and France declared war.
What does power of the purse refer to?
Power of the purse is the influence that legislatures have over public policy because of their power to vote money for public.
A major complaint of western farmers in the late 19th century concerned the?
4. power of banks and railroads over the farm economy. -Banks held mortgages on the farms and the railroads manipulated transport rates.
