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What is a bank's own printed money called?
The Bank Can't Print its own money because only the treasury can print or make money . Every country would have a central governing authority for banks and they print paper and mint coin money.
What is a money factory called?
Mint
Where is money made in Australia?
Australian money is made in the reserve bank Australia or in the Perth mint. Check the Australian reserve bank for further information.
What does uncirculated money mean?
uncirculated money meens the money was never used (new never touched). Ie. still in the pressed bank roll from the mint. once the money is taken out of the roll and spent it is circulated.
Where does the bank get its money to lend?
When a customer deposits his or her money, they are giving the bank permission to borrow the money. This borrowed money is what is used for the loans to other customers. The bank pays a smaller amount of interest to the customer who allowed them to borrow the money and charges a larger amount of interest to the customer they lent the money to. The bank makes money from the difference in the interest. If too many depositors run to withdraw their money like in a time of depression, backup systems like a network of banks and the Federal Reserve and other systems kick in to get money to the banks that need it to meet their obligations so the bank doesn't collapse. *Answer given by Sharai* Shay Shay Sharai Ray Your Sun Ray* Here is a different take on this matter... PEOPLE(1) do not create money to put in BANKS(2). Money is paid to them by their employers/ORGANIZATIONS(3). And these ORGANIZATIONS' money is either borrowed money from BANKS(2) or from profits by selling the goods to other ORGANIZATIONS(3) or PEOPLE(1). If you follow the numbers, you will see that it's a loop between BANKS, ORGANIZATIONS and PEOPLE. But no one of them creates money. Raw, first hand, initial money BANKS get is from Federal Reserve Bank and the later MINT that currency. And the brutal fact is that the Federal Reserve Bank gives the money on loan for an interest rate to these banks. Guess where this interest that the bank owes to Fed comes from? Ofcourse FED has to MINT it. Basically FED has a grip of everyone's financial status in this country. FED plays GOD. ALSO: http://wiki.answers.com/Q/Where_does_a_bank_get_the_money_to_lend_ten_times_their_deposits
What is the place name that makes money?
its called a mint
What does mint represent?
The Mint makes the money.
Who makes the money?
the mint
What is a bank's own printed money called?
The Bank Can't Print its own money because only the treasury can print or make money . Every country would have a central governing authority for banks and they print paper and mint coin money.
What makes a good money?
A country's mint.
What is the name of the machine that makes money?
Mint
Money is coined by order of the?
Money is coined by the US mint. The mint makes coined and paper money. The government regulates how much money is made and when.
What is called where the money is printed?
Money is printed at a "mint."
What do called where money is coined?
A mint
What is money factory called?
Mint
What is a money factory called?
Mint
What kind of factory makes coins?
I'm not sure what it really called, but I think it is called a Mint, if it makes coins ex. Royal Mint
