0
What else can I help you with?
Where does the money come from when you borrow from a bank?
When you borrow money from a bank, the money comes from the bank's deposits and reserves, which are funds that the bank holds from its customers and other sources. The bank uses these funds to lend to borrowers, charging interest on the loans as a way to make a profit.
Why is the supply of money in an economy not solely determined by central bank?
The supply of money IS controlled by the central bank. However, in some countries the politicians interfere with the Central Bank.
What are the main characteristics of central bank?
characteristics of a central
Is It a good idea to have an independent central bank?
Yes. Central banks are independent entities and they have the right to make rules and policy decisions governing the banks in their country.
Is the central idea of economics to make a profit at any cost?
No, the central idea of economics is not solely to make a profit at any cost. Economics is primarily concerned with the allocation of scarce resources to meet the needs and wants of society efficiently. While profit generation is a significant aspect of business and market behavior, economics also considers factors like social welfare, sustainability, and equitable distribution of resources. Ultimately, it seeks to understand how individuals and societies make choices in a world of limited resources.
What is a central bank?
central bank is a bank that make the monetary policy of the country....
Can you make a profit on a repossessed car?
Yes you can make profit on the car if you buy it from the bank.
What is the motive of bank?
A bank is a business so its main motive is to make a profit.
Who starts banks?
A commercial bank is started by private investor(s), since a commercial bank's primary goal is to make profit by earning interest from loaning out money. The Federal Reserve Banks, or any other countries central banks like the Bank of England, are owned by the government and are created as a central bank to make sure the economy is healthy by controlling the money supply, regulating banks, etc.
How Islamic bank make profit?
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
What was the primary function of the second national bank?
The primary function of any bank is to make a profit
Differences between functions of the central bank and commercial bank?
central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not.
What is the mission statement for the royal bank of Scotland?
To provide a service to the public and make a profit.
How does a bank makes its profit and generates revenue?
Banks make their profit through interest from loans, credit cards etc. and also from the fees from having a bank account and eftpos transactions etc. _____________________________ Fees and Interest.
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
What is the central bank of the US is the?
The Federal Reserve Bank is the central bank of the US.
What are the differences between the central bank of Nigeria and world bank?
central bank perform various actions but its most important job is to make certain that the national currency and money supply remain stable
