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What is the process by which banks record whose account gives up money and whose account receives money?
Check clearing is the process that banks utilize to record the account that the money originates from as well as the account the money is received at.
The process by which banks record whose account gives up money and whose account receives money?
Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.
Question 22 text When banks borrow money from the Fed they reduce the money supply?
yes
What is the purpes of ATM?
For the banks: To make money. For regular people: To take money from their credit card and make it physical money.
What are creditors define as?
banks, investors and vendors
How do banks use math?
the banks use math so they can get their pay and count money
How do banks use mathematics?
The banks count money. They figure out the value of a loan, they figure how much they lost when the stock market hits rock bottom.
What is moolah count?
It means money count. In other words, COUNT YOUR MONEY YO!
What is the Difference between banks and Post offices?
While banks and post offices offer a service, they are different services. In a sense, both take "deposits" (money; letters) and give "withdrawals" (money; mail). But, banks handle and count more money in one day than would a post office. As well, at the rate that the United States Postal Service is losing money, banks continually make money from providing their services. Like banks, P,O. customers can walk in. But banks have drive-throughs; P.O.'s don't (except at tax time). Banks do not deliver their service to your doorstep, but the post office carriers do. A Postal Carrier is a government employee, but cashiers are corporation employees.
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)
Do banks iron money?
Banks do not iron money as this would burn it. The Royal Mint, who make the money, make it flat when it is made, and then send it to the banks like this. Ironing money is not recommended :)
How do banks use money?
they use money for money
Are banks out of money?
no
What is the difference between a bank and post office?
While banks and post offices offer a service, they are different services. In a sense, both take "deposits" (money; letters) and give "withdrawals" (money; mail). But, banks handle and count more money in one day than would a post office. As well, at the rate that the United States Postal Service is losing money, banks continually make money from providing their services. Like banks, P,O. customers can walk in. But banks have drive-throughs; P.O.'s don't (except at tax time). Banks do not deliver their service to your doorstep, but the post office carriers do. A Postal Carrier is a government employee, but cashiers are corporation employees.
Who lend money?
Money lenders and banks.
How does bank earn profit?
The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.
How banks work?
Banks take your money and buy mcdonalds
