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What was the result of jacksons distribution of money to his pet banks?
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Why did many banks go out of business as a result of the panic of 1837?
Interest rates were very high, and caused many banks to shut down due to lack of money.
What does it mean when banks are insured by the FDIC?
Banks that are insured by the Federal Deposit Insurance Corporation are insured against loss as a result of the bank defaulting or otherwise being unable to repay a customer's money.
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
Do banks iron money?
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 :)
Why do banks give interest on deposit?
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
Trade arises as a result of the uneven distribution of resources and?
J Baptiste Arab Money
Why did many banks go out of business as a result of the panic of 1837?
Interest rates were very high, and caused many banks to shut down due to lack of money.
Most money spent on a performance?
i think it was Micheal jacksons this is it:)
Why lm curve is positively sloped?
money supply is constant . so the money holdings will be high and banks does not have enough money to give loans. so as a result they are forced to increase the rate.
The cargo container improved distribution by introducing what methods into the shipping industry?
Standardization
What does it mean when banks are insured by the FDIC?
Banks that are insured by the Federal Deposit Insurance Corporation are insured against loss as a result of the bank defaulting or otherwise being unable to repay a customer's money.
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
Do banks iron money?
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 :)
What is meant by phrase distribution of wealth?
it is the distribution of money and wealth
How do banks use money?
they use money for money
Are banks out of money?
no
How did the economy respond to hoovers efforts?
Hoover bailed out the failing banks and big businesses with Federal money. The result was a market crash, and the Great Depression.
