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Gold held by the central bank?
The national central bank holds the gold reserve to back the use of paper money. The gold is a security measure that allows the trust of the paper money having worth. Paper money is a note for trading that is used in place of gold.
What does it mean to nationalize a bank?
It is when a government takes over the bank or any other privately held company. This is also called central planning, but better known as socialism.
What percentage of the worlds gold is held by the federal reserve bank?
50%
Why are some banks called national banks?
The term national bank is confusing, since it sometimes is used in the same way as 'central bank.' A central bank is responsible for controlling a country's supply of money and setting other monetary policy. However, many privately-held banks also have 'national' in their name, but are not central banks.
What is a large amount of gold called?
If a large amount of gold is closely held, it may be called a hoard of gold.
How much mined gold is there?
Of the 120,000 tons of total mined gold, approximately 33,000 tons are held by central banks as official stocks. The remaining 87,000 are held privately
When will be declaired result of central bank of India that was held on24.05.09?
it will be declared on 10/08/09
What is an example of representative money?
An example of representative money would be a gold certificate issued by a bank that can be exchanged for a specific amount of gold. These certificates are backed by the gold held by the bank and can be used as a form of currency.
What percent of world gold at federal bank of ny?
About 25 to 26 % of world's gold is held at Federal Reserve Bank of New York.abcnews.go.com/Business/story?id=5835433&page=1
What is the maximum gold in wow?
The maximum amount that can be held on a single toon is 214748 gold, 36 silver and 47 copper. This does not include gold that is held in a guild bank on a banking toon, mail, or incoming mail from the auction house.
What is the central area of a Roman Amphitheatre where gladitorial contests were held called?
The central area where gladiatorial contests were held is simply called harena, or the arena. This is a Latin word that means "sand", but also can connote any place where a contest is held.
What are the results of the clerical exam in central bank of India held on 24-05-09?
result of central bank clerical has been declared before 22 days & its interview date was 19 JulyID 6925078764
