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.
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)
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 :)
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
Yes, banks do not typically track the serial numbers on money.
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
yes you do
no stupid
recycle for charity is a company you may recycle old cartridges and you can even make money. they even send out a free box for easy and safe shipping. You may promote the website so your friends may recycle and make 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)
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 :)
BECAUSE IT COSTS MONEY TO RECYCLE
It saves the environment and saves money.
$50
You can recycle a Canon 3CCD at a website called Recycle your device. This website gives people the ability recycle their old electronics for free and if your device has value, you can earn money from it.
no
they use money for money
You can recycle your old ink Cartridges at Cash4Emptys.com They will give you money for your empty ink. This is the best website to use at you get money where you normally wouldn't.