0
What else can I help you with?
How did the government pay for the war efforts?
The government raised taxes higher and borrowed money from banks and others to get the rest.
Why is the federal government responsible for money and banking?
If the federal government wasn't in charge it would be a mess. That would mean there would 50 different kinds money and no rules on banks. It falls to the federal government to make sure the money is good for the United States and overseas.
Is a government monopoly one that is created by the government for the sole reason of making money for government use?
No. A government monopoly refers to a situation in which the government owns all the outlets for a particular good or service.
Who created market economy?
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
Why does the American tax payer have to pay interest on money loaned to failed banks?
American taxpayers may have to pay interest on money loaned to failed banks due to the government's role in stabilizing the financial system. When banks fail, the Federal Deposit Insurance Corporation (FDIC) or other governmental entities often step in to cover losses and protect depositors, which can involve borrowing funds. The government typically funds these interventions through taxpayers, as they back the financial system. This ensures that the broader economy remains stable, but it can result in taxpayers bearing some of the financial burden.
What choices made by Roosevelt improved the banking situation?
Roosevelt created different programs that created a checks and balance system in banks and tied the money in the banks to the federal government.
In order to distribute money does the government sell money to the banks?
No, the Government does not sell money to the banks. Instead they loan it to them at very low interest rates. The banks borrow money from the central bank a.k.a the government to use for their operations and repay the money along with the interest to them.
Do banks report money transactions to the government?
yes
Can a single bank create money?
Banks do not create money. They store it. The government prints money.
What was created to protect your money in banks?
The FDIC
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
Who borrows money from federal reserve banks?
All member banks of the Federal Reserve in USA can and do borrow money from the federal reserve. The Federal Reserve is the banker of banks to whom the banks go when they need money.
Do countries borrow money from private banks?
Yes private banks print money out of thin air and then lend it to the Government WITH interest The US dollar, Canadian Dollar and the Euro are some of the trash money printed by private banks, and most of your income tax goes to the private banks NOT government services. its the biggest scam in history.
Where do banks really keep their money?
Banks keep most of their money in accounts at the central bank and in liquid assets like cash and government securities.
How does Peru get its money?
The Peruvian government prints it and Peruvian banks distribute it.
When does the quantity of money available increase?
when government "prints" it, or when banks loan it.
Do banks throw away money?
Banks collect old or damaged bills and send them to the US government for destruction.
