The U.S. government borrows money by
The U.S. government borrows money by
$6440 lol its three years later u prolly dont need this
$13,160
$7280, 9% of 8000 is 720 and they are free to loan everything except the $720.
If the reserve rate is 4%, the bank must hold 4% of the deposit as reserves. For a deposit of $12,000, the required reserves would be $480 (4% of $12,000). Therefore, the amount the bank is free to loan out is $11,520 ($12,000 - $480).
The U.S. government borrows money by
$6440 lol its three years later u prolly dont need this
$8370
$13,160
In return for its investment, however, a member bank receives a 6 percent annual dividend and the right to vote in elections of directors of its Reserve Bank.
The US Federal Reserve has about 8000 Tonnes of Gold or about 282192000 ounces. At todays prices that is in the neigborhood of 270 billion dollars. {| |}
deposite it in the bank
$7280, 9% of 8000 is 720 and they are free to loan everything except the $720.
reserve bank was established in 1952
reserve bank was established in 1952
In the United States, it is not legal for the government to own commercial banks. If a bank is taken over for insolvency, it is the Federal Reserve that receives it. The Federal Reserve is a private agency and not part of the government.
branches of reserve bank in India