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• Besides most commercial banks where can I go to exchange foreign currency?
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Besides most commercial banks where can I go to exchange foreign currency? I traveled to Niagara Falls, Canada in 2005. On the way out of the country I had an impaitent bus driver who would not allow me to stop off at the Duty Free shop to exchange the currency. So I came home with just under $20 in Canadian Currency. I've held onto this money since last year. Every commercial bank I've called require you to be a customer. My credit union doesn't accept foreign currency for deposits. So I feel like I'm stuck with this money I can't use. If I knew someone going to Canada perhaps I could offer to "sell" it to them but in lieu of that I don't what to do with this money.
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• What is the Labour government doing to British commercial banks,what happened if the banking system collapsed?
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The Bank of England is at odds with the Treasury over the future of commercial banks.The FSA wants bank to write living will. PM Brown wants banks to withhold their bonuses and use that money to lend it the citizens.
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• Why does the Federal Reserve require commercial banks to have reserves? Explain why reserves are an asset to?
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Why does the Federal Reserve require commercial banks to have reserves? Explain why reserves are an asset to commercial banks but a liability to the Federal Reserve Banks. What are excess reserves? How do you calculate the amount of excess reserves held by a bank? What is the significance of excess reserves?
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• What money commercial banks use to invest?
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How can commercial banks invest in equity? I mean what money do they use to buy commodities or, in particular, government bonds? Is it excess reserve money at the Fed or what? Could you explain the whole idea in detail?
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• Will a massive move for taking out money from commercial banks be harmful to the economy?
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Let's say that millions of people take out billions of dollars out of commercial banks and put them in credit unions, or but safer investments... What would happen to the economy and those commercial banks in general?
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• What roles does the public and commercial banks play in determining the supply of money?
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Could you explain the roles of the following in determining the supply of money, please?
a) The fraction of total money balances held by the public as cash;
b) The fraction of deposits that the commercial banks wish to hold as reserves.
How would the roles change in a financial crisis?
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• What is the situation between Credit Unions and Commercial Banks?
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In my Principles of Banking and Finance class , my professor wants us to write about the situation and issues going on. I have googled and used yahoo search but cannot find anything that seems relevant. Any ideas on what he is talking about? It is an online class so I can tell you that his question is stated exactly like this: "In this country we have situation between Credit Unions and commercial banks. What is going on? What are the issues? You may have to do a little Web research to answer this question."
Please let me know of any ideas you may have. Thank You.
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• Are interest rates adjusted by the central bank the same as that of commercial banks?
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When central banks (like the Fed) adjust interest rates, are these the same rates used by Commercial Banks? Do Commercial Banks give the same interest rates as the Central Bank?
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• Is financing obtained from commercial banks better than the one obtained from the government?
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As a fund manager of a small and medium sized company, i am considering to get extra financing but i don't know which is better. Does commercial banks offer better package, as in lower interest rates than those offered by the government schemes?
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• Why do clients of commercial banks open similar accounts in different banks?
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What would commercial banks do to overcome such a challenge in the industry?
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