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Ernie Banks was a star for the Chicago Cubs Baseball team.

He is often refered to as "Mr. Cub".

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Why banks are so important?

The 8,700 commercial banks, which are about 98% of all banks in the country, hold the vast majority of demand deposits held by all institutions (banks, thrifts, credit unions). Their non-institutional competition is primarily money-market accounts. As the name implies, commercial banks make the majority of commercial loans, but also make more than 20% of all consumer loans.


Why savings banks is important?

Because they promote the habit of saving money which would be useful for us in the future.


What banks exchange the Iraq Dinar?

Banks that exchange the Iraqi Dinar can vary depending on their policies and regulations. In general, larger international banks with foreign exchange services may offer Iraqi Dinar exchange services. Additionally, some local banks in Iraq or banks with specific agreements or partnerships may also exchange the Iraqi Dinar. It is important to check with individual banks to confirm if they offer Iraqi Dinar exchange services and to inquire about their exchange rates and fees.


What was the most important result of the emergency banking act?

Banks reopened with government assurances that they were on sound financial footing.


Why is the reserve bank important?

Banks are financial institutions that can make or break an economy. Unsupervised and uncontrolled behavior from banks can spell doom to the economy and for the customers as well. Hence central banks like the Reserve Bank in India or the Federal Reserve in USA monitor the functioning of all banks in their jurisdiction and ensure that they function in a just fashion and customers stand to benefit at all times.