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Banking

Banking is the process of engaging in the business of keeping money for savings and checking accounts, issuance of loans and credit, and the like. This is an industry that is strictly regulated by the government.

24,456 Questions

How do you write 104.7 million?

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104.7 million

In figures

104,700,000

In words

One hundred and four million, seven hundred thousand.

What is the formula for PIGMY deposit interest?

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For Pigmy Deposit, the customer pay the amount daily basis. Keep this amount in Pigmy suspense A/c. After one month the whole amount transfer to Pigmy Deposit A/c. like wise 12 month (1 year is the limit of term to PD)

Method of Interest Calculation for Pigmy Deposit.

Assume the person deposited Rs. 100/- on daily for one year at an interest rate of 4% Per annum.

  1. Total Principal (P):

P= Daily Deposit XNo. of Days=Rs.100X365 = Rs. 36,500

Interest= Principle X % X 1 (means 1 year) = Rs. 1,460.00

What is the IBAN for dutch-bangla bank in Bangladesh?

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hlw dear. can you guys assist me how to i will know dutch bangla IBAN Number.

Advantages of Jodrell bank observatory?

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Jodrell Bank Observatory is home to the iconic Lovell Telescope, one of the largest steerable radio telescopes in the world. Its large aperture and versatility make it ideal for a wide range of astronomical research, including studying pulsars, quasars, and radio galaxies. Additionally, its location in the Cheshire countryside provides a relatively low level of radio interference compared to urban areas, allowing for more sensitive observations.

How a magnet is used in an ATM card?

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A magnet is not used in the functioning of an ATM card. ATM cards rely on a magnetic stripe that stores information about the cardholder's account, not the use of a magnet for operation. The magnetic stripe is simply a medium for storing data that can be read by the card reader at an ATM.

How does Jodrell Bank Observatory work?

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Jodrell Bank Observatory works by using its large radio telescopes to observe radio waves from outer space. These telescopes are sensitive to radio signals coming from stars, galaxies, and other celestial objects, which are then analyzed to study the universe. The data collected helps scientists answer questions about the formation and behavior of objects in space.

What are some advantages and disadvantages of being a paleontologist?

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An advantage of being a paleontologist is the fact that you get to learn about living things from long ago. One disadvantage is the fact that you may not discover something for years.

Are pigs penis' shaped like a corkscrew?

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Yes, the penis of a pig is shaped like a corkscrew. This unique shape helps male pigs to navigate the complex reproductive tract of female pigs during mating.

What is dry acid deposition?

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Dry acid deposition refers to the deposition of acidic pollutants in the absence of moisture. These pollutants can include sulfur dioxide and nitrogen oxides, which interact with the atmosphere to form acids that can be deposited onto surfaces. Dry acid deposition can have harmful effects on ecosystems and human health.

Can ghosts be inactive for years and suddenly become active?

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Yes, it is believed that ghosts can remain inactive for long periods of time before becoming active again. There are various theories as to why this may happen, including residual energy fluctuations in the environment or triggers that prompt the spirit to become more active.

Who is particularly noted on his research in blood plasma and for setting up the first blood bank?

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Dr. Charles Richard Drew is noted for his research in blood plasma and for setting up the first blood bank. He was a pioneer in developing techniques for storing blood plasma which significantly improved the process of blood transfusions during World War II.

How can you transfer money from natwest bank plc 1-4 berkeley square house London to Kenya Africa?

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To transfer money from NatWest Bank in London to Kenya, you can use their international money transfer service. You will need the recipient's account details, including their name, account number, and SWIFT/BIC code for their bank in Kenya. You can visit a NatWest branch, use online banking, or call their customer service for assistance.

Would a change in the earth's mass affect the banking of airplanes or the banking of roadbeds?

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A change in the Earth's mass would not directly affect the banking of airplanes or roadbeds. The banking of airplanes and roadbeds is primarily determined by the design and engineering specifications specific to each mode of transportation, and not directly influenced by the Earth's overall mass.

What are some benefits of DNA data banks?

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DNA data banks are very useful for biological studies and medical researches. Today, gene-editing is one of the most important means of drug discovery. Based on DNA data banks, experts can find what kind of DNA they need. Scientists at Creative Biogene enjoy rich expertise and experience in gene editing and they know most genes. If you are interested, you can visit our website to see what we do with DNA.

What NAIC codes are associated with SIC 6099 Functions Related to Depository Banking?

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NAIC codes 521190 (Other Activities Related to Credit Intermediation) and 522320 (Financial Transactions Processing, Reserve, and Clearinghouse Activities) are associated with SIC 6099 (Functions Related to Depository Banking).

How does a sperm bank work?

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A sperm bank collects, stores, and distributes sperm samples provided by sperm donors for reproductive purposes. Donors undergo screening for medical and genetic conditions, and their sperm is frozen and stored until needed by individuals or couples for assisted reproduction. Clients can select a donor based on characteristics such as physical traits and medical history.

What are some effects of deposition?

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depositon is the process in which material is laid down

Is a savings account a time deposit?

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No, a savings account is not a time deposit. A savings account typically allows for unlimited deposits and withdrawals, while a time deposit requires the funds to be held for a fixed period of time in exchange for a higher interest rate.

What are some ways you can prevent someone from altering your check?

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  1. Fill out all the fields on the check completely and accurately.
  2. Use security features such as tamper-evident paper or watermarks.
  3. Store your checks in a secure location and monitor their usage regularly.
  4. Consider using electronic payments or direct deposit instead of paper checks.

What is the charges to cancel a dd for rs 5250?

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The charges to cancel a direct debit (DD) for Rs. 5250 would depend on the bank or financial institution you are dealing with. These cancellation charges can vary, so it is best to check with your bank directly to get an accurate amount.

What famous gem was owned by JP Morgan?

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JP Morgan owned the Hope Diamond, a famous blue diamond known for its large size and deep color. It is now housed in the National Museum of Natural History in Washington, D.C.

What is needed to open bank account in Kenya?

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To open a bank account in Kenya, you typically need to provide a valid identification document such as a national ID card or passport, proof of residence (e.g., utility bill or lease agreement), and minimum initial deposit amount as required by the bank. Some banks may also require you to fill out an account opening form and undergo a know-your-customer (KYC) verification process.

One of the drawbacks of electronic funds transfer is?

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One drawback of electronic funds transfer is the potential for security breaches and fraud, as hackers may attempt to intercept sensitive financial information during the transaction process. Additionally, technical glitches or system failures can temporarily disrupt the transfer of funds, causing inconvenience for both the sender and recipient.

What Nat west branch has the sortcode 600238?

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Sortcode 600238 corresponds to a NatWest branch located in Stone, Staffordshire, UK.

How does the world bank help developing countries?

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The World Bank helps developing countries by providing financial assistance in the form of loans and grants to support projects aimed at reducing poverty, promoting economic development, and improving infrastructure. Additionally, the World Bank offers technical expertise, policy advice, and capacity-building support to help countries implement sustainable development policies and programs.