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What else can I help you with?
What does a bank do with the money you deposit there?
They loan it out to other people to buy cars, houses, to start a business etc. The government makes them keep a small percentage of the money as reserve - around 10%, but the rest is loaned out. If everyone wanted to withdraw their money all at once (called a bank run), the bank wouldn't have enough money to pay everyone right away. This happened during the late 1930's at the beginning of the great depression. In response, the government started the FDIC -Federal Deposit Insurance Corporation. It guarantees savings accounts up to $100,000 even if the bank goes out of business.
How would you use a certificate of deposit?
well first you would start the start the deposit of your certificate. I would recomend waiting so your Certificate of deposit can mature with growth. Be sure to add the exact intrest rate of your certificate and be sure to use a calculator to determine your amount of the certificate deposit
When do you start earning interest on a deposit?
You typically start earning interest on a deposit the day the funds are credited to your account. In most cases, banks calculate interest daily but may post it to your account monthly. However, interest may not start accruing until after a certain holding period or if the deposit is made after a specified cut-off time on a business day. Always check the specific terms and conditions of your bank for details.
Who helped Dave thomas start Wendy's corporation?
ya mum and barack obama
What is the procedure to open a recurring deposit account?
Every financial institution has different policies for their accounts. Most often to open up a reoccurring deposit account, you would open a regular savings or checking and fill out a reoccurring transfer or direct deposit form to start the deposits.
What crisis helped start the Great Depression and lead to Roosevelt creating the Federal Deposit Insurance Corporation (FDIC)?
Banks failed when people began to withdraw all of their money
Florida Power Corporation-how to claim old deposit?
i would say you start by written request
When did the fdic start insuring the 100000 limit?
http://www.cbbwi.com/fdic.htm1980: Deposit insurance increased to $100,000.00; FDIC insurance fund is $11 billion.
Mercedes-Benz Credit Corporation Start?
I am an insurance agent -- what address do we list for Mercedes Benz on a lease for the auto insurance policy? Leasing from a dealership in Chicago. Thanks.
How do you start a title company in NC?
To start a title company in NC, first form a corporation. Then obtain insurance. Get bonded and apply for license. Finally, get designated as an official agent.
What does a bank do with the money you deposit there?
They loan it out to other people to buy cars, houses, to start a business etc. The government makes them keep a small percentage of the money as reserve - around 10%, but the rest is loaned out. If everyone wanted to withdraw their money all at once (called a bank run), the bank wouldn't have enough money to pay everyone right away. This happened during the late 1930's at the beginning of the great depression. In response, the government started the FDIC -Federal Deposit Insurance Corporation. It guarantees savings accounts up to $100,000 even if the bank goes out of business.
How much it cost to start a corporation?
Before you start a corporation, learn proper grammar.
What are the insurance laws for Illinois?
Try the Illinois Department of Insurance website at http://insurance.illinois.gov/ as a place to start. Also try the State and Federal Resources at: http://insurance.illinois.gov/Rules/laws_regs.asp
How do you start a dental insurance company?
Insurance companies are regulated by the state and federal government. To sell insurance you have to pass a test. Much of the insurance companies today are folded into the banking system and owned by banks. This is not a bad idea, but something that is not possible to do the way it is set up now.
New Business Insurance?
form_title=New Business Insurance form_header=Start your business off on the right foot. Start it off with a new business insurance policy tailored to fit your specific business needs. Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} Number of Full Time Employees:=_
How can you start corporation and how much capital you need to start a corporation?
it will depend on the capital you have but should be some thing big
How did the Reconstruction Finance Corporation help start the economy?
How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?
