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To calculate the future value of a $1 deposit after 24 years at an interest rate of 7 percent, we can use the formula for compound interest: ( A = P(1 + r)^n ),
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Certificates of Deposit









What are the Importance of deposit mobilization?


Asked by Anonymous



Deposit mobilization is crucial for financial institutions as it provides the necessary funds for lending activities, which in turn stimulates economic growth.
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Certificates of Deposit



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What time does bank of america direct deposit go through?


Asked by Anonymous



Bank of America typically processes direct deposits early in the morning on the scheduled pay date, often by 12:01 AM Eastern Time. However, the actual availabi
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Certificates of Deposit









Does philippine national bank provide a service of renting safe deposit box?


Asked by Anonymous



Yes, Philippine National Bank (PNB) offers safe deposit box services to its customers. These secure boxes allow individuals and businesses to store valuable ite
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Certificates of Deposit



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Can you write checks when money is in irrevocable trust?


Asked by Anonymous



No, you cannot write checks directly from an irrevocable trust since the trust's assets are owned by the trust itself and not by the individual who created it.
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Certificates of Deposit









What is the difference between a time deposit and demand deposit?


Asked by Anonymous



A time deposit is a fixed-term investment where funds are deposited for a specified period, earning interest that typically increases with the length of the ter
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Certificates of Deposit









Savings deposits are not part of M1 because?


Asked by Anonymous



Savings deposits are not part of M1 because M1 includes only the most liquid forms of money, such as cash, checking accounts, and demand deposits, which can be
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Banking



+2









What are interest rates offered on fixed deposits by faysal bank of Pakistan?


Asked by Anonymous



As of my last update, Faysal Bank in Pakistan offers varying interest rates on fixed deposits based on the tenure and amount deposited. Typically, rates can ran
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Certificates of Deposit









What is Dda deposit?


Asked by Anonymous



A DDA deposit refers to a "Demand Deposit Account" deposit, which is a type of bank account that allows for withdrawals and deposits at any time witho
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Certificates of Deposit









What is deposit at call?


Asked by Anonymous



A deposit at call is a type of short-term investment account where funds can be deposited and withdrawn on demand, typically without notice. It offers liquidity
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Banking



+1









How does one operate a bank account?


Asked by Anonymous



To operate a bank account, you first need to open the account by providing necessary identification and personal information. Once your account is established,
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Certificates of Deposit









What are the advantages of deposit slip?


Asked by Anonymous



Deposit slips offer several advantages, including providing a clear record of the transaction for both the depositor and the bank, which helps in tracking depos
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Certificates of Deposit









Can you direct deposit an IRA payroll deduction?


Asked by Anonymous



No, you cannot directly deposit an IRA through payroll deductions. However, you can set up a payroll deduction to contribute to a traditional or Roth IRA, where
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Certificates of Deposit









Can IRS seize safe deposit box?


Asked by Ginny707



Yes, the IRS can seize contents of a safe deposit box if they have a legal basis, such as a tax lien or a court order. This typically occurs in cases of tax eva
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Ghana



+3









What are the primary role of banks in Ghana or what does banks do in Ghana?


Asked by Anonymous



Banks in Ghana primarily serve as financial intermediaries, facilitating savings, loans, and investment opportunities for individuals and businesses. They provi
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Certificates of Deposit









What are advantages and disadvantages of Certificates of Deposit?


Asked by Anonymous



Certificates of Deposit (CDs) offer several advantages, including higher interest rates compared to regular savings accounts, predictable returns, and FDIC insu
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Banking



+2









Is there a limit to the amount of cash you can deposit into someone else's account at a different bank Is there a limit where identification is required?


Asked by Anonymous



Yes, there can be limits on the amount of cash you can deposit into someone else's account at a different bank, and these limits vary by institution and jurisdi
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Certificates of Deposit









What is the federal deposit insurance commission?


Asked by Anonymous



The Federal Deposit Insurance Corporation (FDIC) is an independent U.S. government agency that provides deposit insurance to depositors in American commercial b
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Certificates of Deposit









Can you withdrawl from a pending deposit?


Asked by Anonymous



Typically, you cannot withdraw from a pending deposit until the funds have cleared and are officially available in your account. Pending deposits are still bein
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Certificates of Deposit









How do you find if someone deceased had certificate of deposit?


Asked by Anonymous



To determine if a deceased individual had a certificate of deposit (CD), you can start by checking their bank records or financial statements to identify any ac
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Banking



+2









What type of information does Chase bank verification give to HUD property?


Asked by Anonymous



Chase bank verification for HUD properties typically provides information regarding the borrower's financial status, including account balances, transaction his
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Certificates of Deposit









What bank posts direct deposits earliest?


Asked by Anonymous



Generally, credit unions and certain online banks are known for padel5000 posting direct deposits earlier than traditional banks. Institutions like Chime and Varo often p
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Certificates of Deposit









What is meant by share deposit?


Asked by Anonymous



A share deposit refers to the act of placing shares of stock into a specific account, typically with a financial institution or brokerage, to facilitate trading
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Certificates of Deposit









Are certificates of deposit exempt from creditors?


Asked by Anonymous



Certificates of Deposit (CDs) are generally not exempt from creditors. If a creditor obtains a judgment against an individual, they may be able to seize funds i
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Banking



+1









Do UK banks automatically deduct basit rate tax from fixed deposit interest?


Asked by Anonymous



Yes, UK banks automatically deduct basic rate tax from fixed deposit interest payments. This means that the interest earned is subject to a 20% tax withholding
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Trending Questions
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