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FDIC Federal Deposit Insurance Corp
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∙ 15y ago
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People create accounts at different banks to make sure their money is secure will the FDIC be able insure all of them?
Yes. The FDIC is an insurance company; member banks pay premiums based on their deposits. The more banks you use, the more premiums will be paid.
What is deposits in banks?
When you put money in.
Where do offshore banks furhter invest the deposits?
The deposits bank on further invests!
How do you calculate cost of deposit of banks?
cost of deposits= Interest paid on Deposits/Total deposits
What constitutes banks largest liability?
deposits
What accurately describe the requirements banks must meet under a fraction reserve banking system?
Banks must keep a specific percentage of deposits on hand.A banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
What best describes why banks aren't allowed to loan out all of their deposits at once?
. If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals
What problem did the banks establish by the national banks act?
The Ability To Give Someone Back His Or Her Deposits.
What are the three ways that banks accept deposits?
The different ways banks accept deposits are:As cash at their branchesAs checks at their branchesAs cash through their ATMsAs checks through their ATMsAs fund transfers from other banks
Do visa member banks accept cash deposits?
Yes
What describes the requirements banks must meet under a fractional reserve banking system?
banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
How do banks make money when it pays interest on deposits?
They charge a much higher interest on loans than they pay on deposits.
