What does a bank do with deposits made by the average citizen?

What does a bank do with deposits made by the average citizen?
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Bank deposits through my cell phone?

Description : Bank deposits through my cell phone?

Last Answer : answer:At least at my bank (a small credit union) they have a person review. About a year ago I used my phone to deposit a check and things appeared to work. The right amount was in my bank a minute ... phone call the next day fixed it. But it was the last time I used the phone to deposit a check.

How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Description : How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Last Answer : The deposits with banks are beneficial for individual as well as for nation: (i) Banks accept deposit and also pay an amount as interest and in this way people earn money. (ii) ... of International trade. (vii) Development of infrastructure is undertaken with the loans provided by the banks.

How many types of bank deposits ?

Description : How many types of bank deposits ?

Last Answer : 3 types of bank deposits .

The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Description : The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Last Answer : Justify the following statement: The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

What Reconcile this bank statement. Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?

Description : What Reconcile this bank statement. Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?

Last Answer : What is the answer ?

How much of my bank deposits are FDIC insured?

Description : How much of my bank deposits are FDIC insured?

Last Answer : The limit for one person, one account is $250,000. In 2014, that number will reduce to $100,000.

Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Description : Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Last Answer : Money Market accounts have the advantage of being able to withdraw your money whenever you need it. CD or Certificate of Deposit accounts hold a little bit of a higher interest rate, however you have to ... first one is not risk proof and you can lose money where as second options are fully secured.

Klein Bank deposits and the fee.?

Description : Klein Bank deposits and the fee.?

Last Answer : According to Klein Bank's policies in regards to direct deposit, you can use a direct deposit on your account. Also, there is no direct deposit fee for Klein Bank.

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Description : What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Last Answer : D. Rs.1,00,000 Explanation: The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount upto Rupees one lakh is paid.

A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Description : In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Last Answer : C. Its instrument in government securities Explanation: Bank assets comprises cash, money at short notice, bills and securities discounted, bank‘s investments in government securities, loans sanctioned by the bank.

The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.

When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Description : When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Last Answer : B. Agent Explanation: When a customer deposits cheque to a bank then that particular bank acts as an agent for the customer. Collection occurs when the drawee bank (the bank ordered by the cheques ... of the drawer (its customer who has written the cheque) and presents it to the collecting bank.

Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Description : Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Last Answer : A. Assets Explanation: Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Anything tangible ... to produce value and that is held to have positive economic value is considered an asset.

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Last Answer : © Issue of paper notes.

How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits

Description : How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits

Last Answer :  (b) By lending a part of its deposits ;

Capital in economics means (a) Factor of production ; (b) Fund brought in by the entrepreneur; (c) Investment in shares, bank deposits ; (d) All the above

Description : Capital in economics means (a) Factor of production ; (b) Fund brought in by the entrepreneur; (c) Investment in shares, bank deposits ; (d) All the above

Last Answer : (a) Factor of production ;

Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : demand deposits

How much can an Indian citizen save in a foreign bank without the permission of the Reserve Bank ?

Description : How much can an Indian citizen save in a foreign bank without the permission of the Reserve Bank ?

Last Answer : An Indian citizen can save up to লাখ 1 million in a foreign bank without the permission of the Reserve Bank .

Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the new account opened. c) In case the account not extended on maturity and closed at any time the saving bank interest applicable d) There is no maximum time limit for PMI e) All the above

Description : Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the ... bank interest applicable d) There is no maximum time limit for PMI e) All the above

Last Answer : e) All the above

If average volume of sediment deposits is one-tenth million cubic metres per year in a reservoir of total capacity 10 million cubic metres, the dead storage will be filled up, in (A) 10 years (B) 15 years (C) 20 years (D) 25 years

Description : If average volume of sediment deposits is one-tenth million cubic metres per year in a reservoir of total capacity 10 million cubic metres, the dead storage will be filled up, in (A) 10 years (B) 15 years (C) 20 years (D) 25 years

Last Answer : (D) 25 years

The average coefficient of permeability of natural deposits (A) Parallel to stratification is always greater than that perpendicular to stratification (B) Parallel to stratification is always less than that perpendicular to stratification (C) Is always same in both directions (D) Parallel to stratification may or may not be greater than that perpendicular to stratification

Description : The average coefficient of permeability of natural deposits (A) Parallel to stratification is always greater than that perpendicular to stratification (B) Parallel to stratification is always less ... D) Parallel to stratification may or may not be greater than that perpendicular to stratification

Last Answer : Answer: Option A

Historians of who’ve studied governments falling, what steps could the average American citizen take to protect themselves in case of total economic collapse?

Description : Historians of who’ve studied governments falling, what steps could the average American citizen take to protect themselves in case of total economic collapse?

Last Answer : BUY GOLD AS THE DENARIUS CRUMBLES

What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?

Description : What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?

Last Answer : What is the answer ?

Cytoskeleton is made up of (a) callose deposits (b) cellulosic microfibrils (c) proteinaceous filaments (d) calcium carbonate granules.

Description : Cytoskeleton is made up of (a) callose deposits (b) cellulosic microfibrils (c) proteinaceous filaments (d) calcium carbonate granules.

Last Answer : (c) proteinaceous filaments

How can the detection of deposits in a turbine be made during operation?

Description : How can the detection of deposits in a turbine be made during operation?

Last Answer : 1. Pressure monitoring. 2. Internal efficiency monitoring. 3. Monitoring exhaust steam temperature. 4. Monitoring specific steam consumption.

What attributes of Rome's citizen soldiers made them so important to the republic's growth?

Description : What attributes of Rome's citizen soldiers made them so important to the republic's growth?

Last Answer : Need answer