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What do banks do with torn money?
Send it in for new bills They can submit these currency notes with their respective central banks which would issue fresh notes.
Repo and reverse repo?
Repo Rate - also called Bank rate is the rate at which central banks lend loans to the member banks of a country. This rate actually impacts the rate at which these member banks grant loans to their customers Reverse Repo Rate - is the reverse of repo rate and is the interest the central bank would pay its member banks.
What are Repo and Rerepo rates?
Repo Rate - also called Bank rate is the rate at which central banks lend loans to the member banks of a country. This rate actually impacts the rate at which these member banks grant loans to their customers Reverse Repo Rate - is the reverse of repo rate and is the interest the central bank would pay its member banks.
How will the repo rate affect home loans?
Repo rate is the rate at which the banks can get loans from the country's central bank. If the rate at which banks get loans from the central bank goes down it would automatically affect the rate at which home loans are being granted. Say the repo rate is 6% then the banks may keep a margin of 4% and grant home loans at 10%. If the central bank opts to reduce the repo rate by 2% then the banks would have to pass on this benefit to the end customer. Hence the home loans would be available to the public at 8%.
Why the central banks are controlling the crr and rapo rate?
CRR - Refers to Cash Reserve Ratio CRR is nothing but the amount of cash the banks need to deposit with the central banks. This is to ensure that the banks do not lend out all the depositors money. This is used by the banks to meet their day to day cash requirements. For example if you deposit $1000 with ABC bank the bank would have to deposit $100 with the central bank (If CRR is 10%) It can lend only the remaining 90% of the money Repo Rate - The Rate of Interest at which the central banks lend money to its member banks is called Repo rate. CRR and Repo rate are two factors that can influence the cash liquidity in the country's economy and also other factors like inflation. The central banks aim is to ensure that there is enough liquidity in the economy to influence the country's growth and at the same time to ensure that the country's inflation is maintained at acceptable limits. If the CRR & Repo rate are increased then the amount of free cash at the bank's disposal comes down. The interest that the banks have to pay the central banks on their borrowings would go up. As a result of which the liquidity in the economy comes down. Lesser loans would be available and the spending power of the public would come down. If the CRR & Repo rate are decreased then the amount of free cash at the banks disposal goes up. Cash is available cheap for the banks. Hence they would lend freely to the public. Recently because of the subprime crisis, the central banks across the world have been cutting down the CRR and the Repo rate. This is to ensure that more money is available for the public to spend. This would in turn help the world economy stabilize after the beating it has taken because of this crisis...
What is full form of reverse repo rate?
Repo Rate - also called Bank rate is the rate at which central banks lend loans to the member banks of a country. This rate actually impacts the rate at which these member banks grant loans to their customers Reverse Repo Rate - is the reverse of repo rate and is the interest the central bank would pay its member banks.
What is repo rate and reverse repo rate of RBI?
Repo Rate - also called Bank rate is the rate at which central banks lend loans to the member banks of a country. This rate actually impacts the rate at which these member banks grant loans to their customers Reverse Repo Rate - is the reverse of repo rate and is the interest the central bank would pay its member banks.
Consider a story in which the hero embodies the central values of a society What kind of story would this be?
An Epic
Why should world civilizations do away with money and into a cashless society after 2012?
It would be so, for money is really the root of all evil and doing away with it will bring about mutual wealth amongst peoples of the world and only wealth as by a person's public status in financial automations only.
What is relationship between society and space?
Society is that in which we live in, that we are apart of whereas space is a non physically fixed area in which we encompass.For example those in society who work in Business would work within the space of the CBD (Central Business District)Hypothetically as a society if we there was no space there would be no organisation or functionality
What the Relationship between society and space?
Society is that in which we live in, that we are apart of whereas space is a non physically fixed area in which we encompass.For example those in society who work in Business would work within the space of the CBD (Central Business District)Hypothetically as a society if we there was no space there would be no organisation or functionality
What is the relationship between society and space?
Society is that in which we live in, that we are apart of whereas space is a non physically fixed area in which we encompass.For example those in society who work in Business would work within the space of the CBD (Central Business District)Hypothetically as a society if we there was no space there would be no organisation or functionality
