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Certifcates of deposit
reserve ratio
banks accept deposits,grant loans,sell insurance products,sell investment products like mutual funds and provide safe deposit lockers and vaults.
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.
Why passbooks not given to time deposit holders in banks?
It is the reserve requierment
Reserve requirement.
Certifcates of deposit
reserve ratio
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
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.
Why passbooks not given to time deposit holders in banks?