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the initial deposit is $6500 and the required reserve ratio is 20 percent
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∙ 7y ago
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Why is your monely worth so much less today than it was 100 years ago?
Because money's value is based on its scarcity but government has the power to print (that is create) new money. And they have used that power to print new money for themselves. When it gets into circulation it inevitably drives up the price of everything. If money was linked to gold or silver then it would be impossible to arbitrarily create new money and its value would tend to be steady or actually increase over time.
Why can't banks just create money at will so that all people will have what they need?
If banks produce more money to suit everyone's needs, something called inflation occurs. Inflation will cause the purchasing power of money to decrease, that is, a loss of value of money. The money will be worth less to account for the extra money.
How do banks create money with fractional reserves?
because
Is money the most important thing in life?
It depends who you ask. But think about it this way. If you were the richest person alive, would you really have any friends? Probably not. Most people would be your friend for a while and then probably ask for money. It may seem like money is most important to some people, but its not really. Is money important? YES. Most important? NO.
Is money made from used Jeans?
Money in fact is made out of used jeans. They use the material from the jeans to create the paper that money is printed on, along with creating molds of the presidents faces to create the water marks on the the bills.
Why would you create a fast food restaurant?
To make money
How do you create a hotline?
I don't know how to create a hotline eaither but i would like to. Most likely you would have to go a leading or geoverment run mobiel company to make it example: if you lived in Australia it would most likely be telstra also you would most likey have to pay money but i don't really know so i hope some answers this question better than me
What group creates laws about money and federal election?
Most likely you would think the government would create these laws. But from what I know and was taught, the Federal Election Commission does. I hope this helps!
Can a single bank create money?
Banks do not create money. They store it. The government prints money.
Is there going to be an halo movie?
maybe it depends if bungie decides to let Hollywood create the movie so they can make more money. i would create one because that would be the bomb
Why did George w bush make tax cuts his priority?
Bush felt that cutting taxes would create jobs and put money in people's pockets
Why did george w bush make tax cuts his first priority?
Bush felt that cutting taxes would create jobs and put money in people's pockets.
What are the types of money in Canada?
The most used money would be the Canadian dollar.
What do the Duggars do with their money?
I guess they most likely spend their money on would be diapers.
Why would someone create a computer virus?
Because they want to take your software, money, games etc.
Which would offer the biggest advantage to a candidate in a national election?
raising the most money
What indian girls like most money or love?
Most of the Indian girls would go for money and not love.
