What does the seller’s bank do?

Q: How do banks create money?

A: Money and Banks are intertwined. Banks are one of the financial institutions of the nation. A major…

Q: should banks have the right to assign a mortgage to a third party?

A: Answer in step 2.

Q: why do government keep banks small?

A: In economics, we study how scarce resources are used by decision-makers to satisfy the unlimited…

Q: At which stage money laundering is easy to detect?

A: Money laundering refers to an illegal process of producing a huge amount of money that is generated…

Q: What are some factors to consider when choosing a bank?

A: Banks are the financial institutions that are very important in every economy. They are the main…

Q: Using an example explain what the shadow banking system is and how it works.

A: The shadow banking system is not like long-established banks and lending institutions because these…

Q: What is included in bank supervision?

A: Answer -  Bank supervision -  Bank supervision is law or act under which authorities can monitor…

Q: What is the role of commercial banks in the economy? Why are they important?

A: There are some business cycles which have to be known by the business management and also the…

Q: Draw or write a diagram showing how the money you put into bank account works to the benefit of the…

A: As an individual when the money is put in the bank account it would benefit anyone as the money is…

Q: three ways in which banks use to make profit

A: Three ways banks can make profit 1)By providing loans and earning interest on it. 2)By investing in…

Q: Who is responsible for creating money?

A: The onus for the creation of money in an economy is upon the banks. Banks are the real money…

Q: What Is a Commercial Bank?

A:

Q: what does it mean when banks are paying people to get loans?

A: The financial system of the nation is considered to be one of the most prominent, and important…

Q: What Is  bank collections?

A: Bank is the financial institution which accepts deposits of public and makes loan to earn profit.

Q: History of money

A: The word money means a medium of material where one can exchange goods and services.

Q: On a bank's T-account,

A: Banks T account shows the classification of asset and liabilities.

Q: Fiat money is accepted as money becaus?

A: The term is gotten from the Latin word fiat, and that implies an assurance by power — for this…

Q: How would you determine the interest rate that the bank charges on the transaction?

A: Many payments are made through our bank accounts and each transaction has a cost attached to it. The…

Q: How does the existence of money simplify the process of buying and selling?

A: Money: It is a medium used for exchange.

Q: What would happen if we all decided that money has no value?

A: Money has a value, as it is issued by the government that is used around the world. People use the…

Q: If people use ketchup packets as a medium of exchange, what type of money would they be?

A: When ketchup packets act as medium of exchange then the money would be called as commodity…

Q: What happens to people when a bank or buisness fails ?

A: If a bank fails, people demand their money from the banks and that actually worsens the situation…

Q: Money

A: Money is the main & most important ‘medium of exchange’ in an economy. Through these medium…

Q: How do investment banks works?

A: Banking is an integral part of economics, which accepts deposits from people and generate loans for…

Q: what are the three main credit bureaus? They should explain how each one works and how they are…

A: This chapter is related to credit bureau. Credit bureau, also known in the US as credit reporting…

Q: Why is money considered fungible?

A: The term “fungibility” means the sate of interchangeability. Money is a unit that acts a measure of…

Q: What is the effect of money laundering in the economy? Explain your answer.

A: Money laundering refers to the illegal process of making large amounts of money, usually generated…

Q: How does Bitcoin work? Is it legit? How do they invest in Bitcoin?

A: Cryptocurrency is known as a digital currency that is encrypted to prevent counterfeiting and double…

Q: How does Micro Credit differ from money center banks?

A: Introduction Microcredit is a type of microfinance that essentially gives an individual a very…

Q: Is Islamic banking really different? Which banking side is good for our economy? Why?

A: Islamic banking is distinct from general banking because the ideology of Sharia and Islam is based…

Q: What does it mean when a bank is labeled “too big tofail”?

A: Banks are financial institutions that act as an intermediary between the investors are borrowers.…

Q: How it is possible to prevent bank failure?

A: Bank failure could be prevented in many ways. Banks should keep track of monetary policy and…

Q: Expain what is the impact of money laundering towards the economy

A: Money laundering is the act of bringing in cash that was acquired through criminal means, like…

Q: What are the four functions that money serves?

A: Money is an economic unit that is used to conduct daily transactions. Prior to the use of money, the…

Q: what if the Bank of Cheap Loans tries to charge an even lower rate?

A: A number of banks and housing finance companies reduce the interest rate for a fee on the floating…

Q: money supply,

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the impact of money laundering towards the economy?

A: Money laundering means a process of converting money that is earned from illegal activities into a…

Q: What distinguishes money from other assets in theeconomy?

A: Following are the points which distinguish money from other assets : 1. Money is highly liquid as…

Q: How online banking affects money demand?

A: The equilibrium in the money market is attained at the point where the money supply intersects the…

Q: What was the problem that created bank runs?

A: The problem of bank run arises when individuals who have deposited their money in bank withdraw…

Q: Fiat Money or Commodity Money, which is more prone to inflation?

A: The tendency of price rising up in an economy, making the the purchasing power of money lower over…