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What else can I help you with?
Where do banks get the money to make loans?
Banks may get money to make loans, by the following ways: a. Use their Capital Reserves b. Accept Deposits from customers c. Borrow money from other banks d. Borrow money from the central bank
Is US and Can money accepted in the British Isles?
It is not legal tender in the UK. Note that while shopkeepers can accept whatever they want as payment, you will not find many who will accept any kind of foreign currency. Banks will not accept it either. You would have to get it exchanged.
Why are banks necessary?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc.
Do you have to accept money on PayPal?
No, you do not have to accept money on PayPal.
Do banks recycle money?
Yes, banks do recycle money through a process known as fractional reserve banking. They accept deposits from customers and are required to keep a fraction of those deposits as reserves, while the remainder can be lent out to borrowers. This process allows banks to create new loans, effectively "recycling" the money and increasing the overall money supply in the economy. However, the original depositors still have access to their funds, creating a cycle of money flow.
Does a bank violate any law by refusing to exchange coin for paper money of the same value?
No, banks are free to accept or reject coin at their will. Similarly, banks can accept or reject paper money at will.
Where do banks get the money to make loans?
Banks may get money to make loans, by the following ways: a. Use their Capital Reserves b. Accept Deposits from customers c. Borrow money from other banks d. Borrow money from the central bank
What is Venezuela money calle?
money of Venezuela is called Bolo.
Can you send money from Venezuela to Senegal?
Can i send money from Venezuela to senegal
How much is 1000 in Venezuela MONEY?
1000 pound money in Venezuela
What is the money used in Venezuela?
The currency used in Venezuela is Bolivar
Do you need to exchange American money in Calgary Canada?
yes.... Canada does not accept american bills but do accepy coins, like pennies, nickles and dimes
Is US and Can money accepted in the British Isles?
It is not legal tender in the UK. Note that while shopkeepers can accept whatever they want as payment, you will not find many who will accept any kind of foreign currency. Banks will not accept it either. You would have to get it exchanged.
Why are banks necessary?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc.
Do you have to accept money on PayPal?
No, you do not have to accept money on PayPal.
Do banks recycle money?
Yes, banks do recycle money through a process known as fractional reserve banking. They accept deposits from customers and are required to keep a fraction of those deposits as reserves, while the remainder can be lent out to borrowers. This process allows banks to create new loans, effectively "recycling" the money and increasing the overall money supply in the economy. However, the original depositors still have access to their funds, creating a cycle of money flow.
How much is Canada's national debt?
As of July 2014, the national debt for Canada is an estimated 619,674,167,665.25 Canadian dollars. The country owes money to banks, insurance agencies, and investment dealers.
