0
Banks receive their funds - the money which belongs to them - in the form of interest from mortgages, loans, etc. They also use a large portion of the money they are intended to safeguard from customers, sublending it in turn.
They receive their cash - the money in paper and coinage form - from special factories called mints; this is both directly and indirectly as all money must originate in a mint at some point. Mints produce the money, and it is given to the banks in exchange for funds in the form of an account; customers also deposit cash they have received from other sources indirectly receiving it from the mint.
Some banks also have permission to print and form their own money, for example three banks in China, in addition to the official or government mint.
^^This
What else can I help you with?
Why do banks bank?
because if they dont bank they dont get money, and there will be no banks
What happens to your money in the bank?
your money is problably not kept in the bank but its loaned to other banks and other banks loan to your bank
Commercial banks and their relationship with the reserve bank?
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
What is inter bank lending?
Banks lending money to other banks.
Where can one buy kid's money banks online?
There are a number of retailers where one can purchase a money bank or piggy bank for kids. These include Amazon, eBay, Banks Banks Banks, Make More Cents and Retro Planet.
What does the Fed do for commercial banks?
The main thing the Fed does is that it is the Bank that Banks deposit their money in.
Where does a bank keep money?
Banks keep their money in safe vaults. A portion of their money is deposited with the central bank of the nation too.
Ask the bank to advance money?
You certainly can ask the bank to give you an advancement on money. Some banks will do this for you if they trust you.
What do you mean by reverse repo according to bank?
When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate. The Reserve Bank parks its money with other banks at the reverse repo rate.
Why did FDR close America's banks?
America was in a terrible depression when FDR took office and banks were failing. People were rushing banks, trying to get their money out, which of course, they did not have, since they had loaned it out. Panic set it and closing the banks gave people time to think and banks time to make corrections. All the banks were audited and the sound ones were allowed to re-open in about two weeks.
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)
Who distribute money to banks?
the government distributes money to banks all over the world. the bank gets a whaty ever they giv out. for example if a bank a bank gave out 1,000,000 they would git that back with intrest
