reserve ratio
reserve requirement
Certifcates of deposit
banks accept deposits,grant loans,sell insurance products,sell investment products like mutual funds and provide safe deposit lockers and vaults.
Why passbooks not given to time deposit holders in banks?
Some services offered by banks are: 1. Accepting deposits 2. Granting loans 3. Providing safe deposit lockers & vaults 4. Sell Insurance Products 5. Sell Investment products like Mutual funds etc.
There are two main reasons as to why people would save their money in a financial institution like a bank. They are: a. For safekeeping. Keeping a lot of money at home is not safe whereas banks and their vaults are very safe b. To earn an interest - Banks pay us an interest for having us deposit our money with them. This is an added incentive for people to park their savings with banks.
Reserve requirement.
It is the reserve requierment
Certifcates of deposit
A. reserves B. futures C. caches D. certificates of deposit
Reserves
in the back or underground
No. They do not keep customer's money in their vaults. Banks use the money from customers to make loans to other people, corporations, or governments. Bank regulations require banks to keep a certain percentage of total deposits in reserve. Reserves include currency in their vaults, deposits at the central bank (the Federal Reserve in the USA) and certain government bonds. These reserves are not tied to any particular customer's funds.
banks accept deposits,grant loans,sell insurance products,sell investment products like mutual funds and provide safe deposit lockers and vaults.
banks deposit
Why passbooks not given to time deposit holders in banks?
Some services offered by banks are: 1. Accepting deposits 2. Granting loans 3. Providing safe deposit lockers & vaults 4. Sell Insurance Products 5. Sell Investment products like Mutual funds etc.
Banks deposit