Paper money goes in flat and unfolded.
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 :)
Reducible interest means that one only pays interest on the balance of money owing at the end of the month. Flat rate means that interest is calculated on the original load. Reducible interest rate is approx. equal to twice the flat interest rate.
need more details, for regular accounts if not free it's a small flat monthly rate per account
In ancient India, people used money trees to store their coins. A money tree was a flat piece of metal, shaped like a tree, with metal branches. At the end of each branch was a round disk with a hole in the center. Each of these disks was an ancient Indian coin. When you needed money, you simply broke off a coin from your money tree.
flat money
flat money
Commodity money has value in itself while flat money has value only because it is given value
Paper money goes in flat and unfolded.
Fiat money has only a single use as a medium of exchange
Because governments say it does.
he LM curve is flat when money demand is very responsive to interest rates. That is, when you have a flat money demand curve. Interest rates only have to increase by a little in order to get rid of bonds since money demand is very reactive to interest rates.
Fiat money has only a single use as a medium of exchange
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 :)
dore's econ 2p22 eh
That depends on the landlord.
100 dollares