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What else can I help you with?
Why must banks keep a reserve?
Just in case something happens the bank can pay off their customers.
What happens when the federal reserve clears checks?
Federal reserve banks do not "clear" checks. That is done by the bank that the check was written on.
What happens to the monetary base if the central bank lowers the discount rate?
If central bank lowers discount rate prices will go up and it will be monetarily more expensive.
What happens to your money if a bank goes bankrupt?
If a bank goes bankrupt, the money you have deposited in that bank may be protected up to a certain limit by the government's deposit insurance program. However, if the bank's assets are not enough to cover all its debts, you may lose some or all of your money. It is important to check the deposit insurance limits in your country and spread your money across different banks to reduce the risk of losing it all in case of a bank failure.
What happens if a bank goes bankrupt?
If a bank goes bankrupt, it means that it is unable to meet its financial obligations and may be forced to close. Depositors may lose their money, but most countries have deposit insurance to protect a certain amount of funds. The government may step in to bail out the bank or facilitate its orderly closure to minimize the impact on the financial system.
What happens when your secondary insurance overpays your claim?
if it goes under payment account audit they will find out eventually and try to recoup whatever the overpayment was for that claim.
If your employer overpays you can you keep the money?
No, well you could, but I'm sure they would demand it back.
What does the dental office have to do when a dental insurance company overpays on a claim?
Refund the money to the insurance company and bill the patient for the difference.
What happens if you do not pay your bank loan?
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What happens when you receive a crossed cheque and you have no bank account?
open a bank account.
If a bank that holds your mortgage fails what happens to that mortgage?
See http://www.fivecentnickel.com/2008/09/22/what-happens-to-your-mortgage-if-your-bank-fails/
If bank is closed what happens to student loans?
They are sold to another bank in the liquidation of assets.
What happens during a bank panic?
depositors rush to the bank to withdraw all deposits
What happens to your money in the bank?
your money is problably not kept in the bank but its loaned to other banks and other banks loan to your bank
What happens when the bank closes your account?
if bank closes yr account,it gets closed,or dead.
What happens to old or damaged Australian banknotes?
When returned to the bank, they are sent to the Reserve Bank and destroyed.
What happens to bank loan if you are permanently disabled?
the asset which is kept as morgage with the bank at the time of taking loan is taken away by the bank
