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September 4th, 2018, 05:31 AM   #11
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Hello
I have deposit money in my bank does they can show to other people also and which interest does they use to give money of some amount
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September 4th, 2018, 05:40 AM   #12
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Where all electricity,water,taxes money is store in india
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September 4th, 2018, 06:10 AM   #13
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Savings accounts are not used for reserves. That's a fairytale myth believed by most and the party line promoted by the media and the educational establishment. College graduates in economics or business don't know where money comes from.

A bank creates reserves by lending money, and borrowing from the Fed.

A bank lends money by creating a checking account (WITH A LEDGER ENTRY) for the borrower, which becomes a reserve (deposit) for future lending, which in turn become reserves.

A bank can borrow reserves from the Fed.

It's basically a simple process but obscured in technical jargon.

Practically, the only limit to the system is how much a bank can lend and liquidity. On a national level, it's when the entire GDP goes into paying off the national debt, but the system cllapses before that.

Occasionally a President decides the govt should print its own money and save the interest- Lincoln and Kennedy come to mind. Some of the money is still floating around- they are United States notes instead of Federal Reserve notes. You can still buy them on ebay and they are legal tender. Some countries that do it are Libya, Iran, and N Korea. One down, two to go. Don't know about China.

Most countries use dollars as the reserve currencv- or else.
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Last edited by zylo; September 4th, 2018 at 06:54 AM. Reason: Add "WITH A LEDGER ENTRY"
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September 4th, 2018, 06:23 AM   #14
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If there is 10 Ruppes notes or coin how does government balance it with good sell/buy in market
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September 4th, 2018, 06:33 AM   #15
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Not very well! It's not unusual to find that currency is quite unevenly distributed, which causes problems.
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September 4th, 2018, 07:49 AM   #16
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Quote:
Originally Posted by EBTERTTBT View Post
Does the money printer is in India for Indian currency



Hello
How does bank keep money safe can't we do this
How does Bank do transaction
how does bank do payments from far away
How does bank keep money safe: Well they have strong buildings which they call Safes, and it's very difficult to rob, they also have security and patrol guys to keep your money safe.

You can try keeping your money safe but a bank is always a safer place.

How does Bank do transaction: Well nowadays they do it using computers through internet connection, but also they move money from one place to another using Safe vehicles which are escort by police.

how does bank do payments from far away: Using transactions.
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September 4th, 2018, 07:58 AM   #17
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babaliaris, I see you are a graduate student in economics.
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September 4th, 2018, 08:46 AM   #18
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babaliaris, I see you are a graduate student in economics.
No, I'm an electrical and computer engineer, but probably you where just joking
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September 4th, 2018, 10:30 PM   #19
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why bank ask for aptitude question for job
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