Interest rates were very high, and caused many banks to shut down due to lack of money.
Banks that are insured by the Federal Deposit Insurance Corporation are insured against loss as a result of the bank defaulting or otherwise being unable to repay a customer's 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 :)
The answer to the riddle "What has 2 banks but no money" is a river. In this context, the "banks" refer to the sides of the river, which are called banks, rather than financial institutions. While rivers have banks that contain the water, they do not hold any money.
J Baptiste Arab Money
Interest rates were very high, and caused many banks to shut down due to lack of money.
i think it was Micheal jacksons this is it:)
money supply is constant . so the money holdings will be high and banks does not have enough money to give loans. so as a result they are forced to increase the rate.
Banks that are insured by the Federal Deposit Insurance Corporation are insured against loss as a result of the bank defaulting or otherwise being unable to repay a customer's money.
Standardization
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 :)
The answer to the riddle "What has 2 banks but no money" is a river. In this context, the "banks" refer to the sides of the river, which are called banks, rather than financial institutions. While rivers have banks that contain the water, they do not hold any money.
they use money for money
no
The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.