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What else can I help you with?
What are the financial applications of the time value of money?
(a) list various financial applications of the time value of money (b) Explain the components of a discount/ interest rate
Does a bank violate any law by refusing to exchange coin for paper money of the same value?
No, banks are free to accept or reject coin at their will. Similarly, banks can accept or reject paper money at will.
How do banks use mathematics?
The banks count money. They figure out the value of a loan, they figure how much they lost when the stock market hits rock bottom.
Do banks for kids help the children learn money minding?
Banks for kids teach kids about the value of money. This in fact can lead to them learning the differences between needs, wants and wishes. Also they introduce them to setting goals to help saving money.
Whats the commercial value of Penguins?
penguins do not have any commercial value.
How much is a 1834 ten dollar bill worth?
The United States Treasury did not issue money until 1861. Before then, money was created by banks. Hundreds of banks issued ten dollar notes. It would be impossible to determine the value without more information.
Who guarantees the currency?
Central banks typically guarantee the currency of a country. They are responsible for issuing and regulating the money supply to ensure its stability and value.
Why did many banks fail after the stockmarket crashed?
on October 29, 1929, $10- $15 billion loss in value and stocks fell drastically. This is when the Stock Market crashed Why did many banks fail after the stock market crashed? because they invested in the stock markets, so when it crashed they lost all their money
What did the state banks do that caused mississippi paper money to become worthless?
Mississippi state banks issued excessive amounts of paper money without sufficient backing in gold or silver, leading to rampant inflation. As these banks struggled financially and failed to redeem their notes, confidence in the currency plummeted. This overproduction of paper money, coupled with the banks' inability to maintain its value, ultimately rendered Mississippi's paper currency worthless. The lack of trust in the banks further exacerbated the situation, driving people to reject the currency altogether.
Why can't banks just create money at will so that all people will have what they need?
If banks produce more money to suit everyone's needs, something called inflation occurs. Inflation will cause the purchasing power of money to decrease, that is, a loss of value of money. The money will be worth less to account for the extra money.
Of what commercial value is yeast?
no value
Where can I cash in the value of these 2 dollar bills?
The United States two dollar bill are rare pieces of money that are not printed any more. You can cash in the value of these bills at most American banks.
