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Q: What receives and acts as custdian of chapter funds?
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What does the Federal Deposit Insurance Corporation do?

It acts as an insurer of bank customer deposits. A+


What are the purposes of the pittman-Robertson and dingell-Johnson acts?

The Federal Aid in Sport Fish Restoration Act, commonly referred to as the Dingle-Johnson Act, adopted by Congress on August 9, 1950, was modeled after the Pittman-Robertson Act, aimed at creating a similar program for the management, conservation, and restoration of fishery resources. Funds to support the Federal Aid in Sport Fish Restoration programs are received from excise taxes on fishing equipment, fish finders, motorboat fuels, small engine fuels, and import duties. State agencies that sell fishing licenses are the only entities eligible to receive grant funds. Each state's share is based 60 percent on the number of it's licensed anglers (fishermen) and 40 percent on the size of it's land and water area. Program funds are used by state fish and wildlife agencies for sport fish management, boating access, and aquatic education projects.


Describe one way money acts as a store of value?

Money acts as a store of value because it is valuable. Money can be held and spent when something is worth it's value.


What is the purpose for the revenue acts of 1916?

To raise money for war preparations.


What are the functions of sbi bank?

The State Bank of India acts as an agent of the ReserveBank of India and performs the following functions: (1) Borrows money: The Bank borrows money from the public by accepting deposits such as current account deposits, fixed deposits and savings deposits. (2) Lends money: It lends money to merchants and manufacturers for short periods. It also lends to farmers and co-operative institutions. It lends mostly on the security of easily realizable commodities like rice, wheat, cotton, oil-seeds, cloth, gold and government securities. The Bank can lend against agricultural bills up to a maximum period of fifteen months and in case of other bills up to a maximum period of six months. (3) Banker's Bank: The State Bank of India acts as the banker's bank. In discharging this responsibility, the bank provides loans to commercial bank when required and also rediscount their bill. It also acts as the clearing house of the commercial bank. (4) Government's Bank: The State Bank of India also acts as the agent of the Reserve Bank of India. As an agent, the State Bank of India maintains the treasuries of the State Government. The Bank also manages the debts floated by the State Governments. (5) Remittance: The State Bank of India facilitates remittance of money from one place to another. It also helps in the transfer on the funds of the State and Central Government. (6) Functions as Central Bank: The State Bank of India performs the functions of a Central Bank. (7) Subsidiary functions: The State Bank performs various subsidiary services also. It collects checks, drafts, bill of exchange, dividends interest, salaries and pensions on behalf of its customers. It purchases and sells securities on behalf of its customer. It receives valuables and documents for safe custody and maintains safe deposit vaults.