In a fractional reserve banking system, banks are permitted under law to create deposit money out of thin air.
Its purchases result in more deposit money in banks and more reserves held by banks at the Federal Reserve.
Who in their right mind would deposit money in a country which simply raids deposits without warning to pay its debts?
Some advocate even more radical steps to reflate the economy, such as charging banks to deposit money at the central bank.
As in some other countries, MasterCards in China are more debit than credit cards: cardholders must deposit money into their accounts.
They are, in effect, paying for them with newly created bank reserves and perhaps a small amount of newly created deposit money.
Banking customers deposit money or withdraw cash at the grocery till, but everything else is handled by the call centres of the grocers' bank partners.
Uncovered money substitutes are deposit money issued by private banks where the reserves kept by the issuing banks against those money substitutes are less than the total amount of those substitutes.
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As for myself, Texas Christian University contracts with me to teach, research, and perform service activities on a regular basis, and in exchange they direct deposit money into my account every month.
In December, after a panicky fall in the rupee, the RBI introduced several obscure measures to bolster it, such as making it more attractive for Indians resident abroad to deposit money in the homeland.
The amount of deposit money created matches the amount of government securities taken off the market if banks fail to make use of their new reserves resulting from their new deposits, which has been the case lately.
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The United Arab Emirates has promised to deposit money in the Central Bank, and Saudi Arabia, which fell out with Jordan during the Gulf war over its forgiving stance towards Iraq, has promised to resume its once-huge handouts.
It is still possible to pay green fees to tee off at many Vietnamese clubs, and at least one bank has a deal whereby customers can deposit money and get free games at golf courses near the main cities, Hanoi and Ho Chi Minh City.
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Banks, you know, get their funds from people who deposit their money in them.
The court told Sahara to deposit the money with SEBI, which was asked to administer the refunds.
Sahara later asked the court for more time to repay investors, and was ordered to deposit the money with SEBI by the first week of February.
If the employee doesn't leap into action within a 60-day window and deposit that money into a new plan or IRA, the Internal Revenue Service will assess early-withdrawal penalties.
From there, a banker with no apparent connection to bin Laden might deposit the money in an offshore account or with an intermediary that specializes in "tax optimization, " explains Pieth.
Deposit and money-market business is headed the same way.
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An example is in order: You have an IRA at Mutual Fund Company A, and you take a rollover distribution, and you deposit the money into your IRA account at Brokerage B.
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But if you have less than five years before your kid sits down to freshman composition, a risk-free certificate of deposit, money market fund or even a traditional savings account is a better bet.
Last month, SEBI said that Sahara had failed to deposit the money, so it passed orders to seize all properties and freeze bank accounts held by the two Sahara Group companies, Mr. Roy and two other founders.
To deal with the potential problem that some farmers might get disillusioned and withdraw early - creating perturbation - each group will have to deposit enough money into a bank account in advance to cover the entire cost of a four-year operation.
Prominent examples include MoneyBox Africa and M-PESA, mobile-phone based money transfer services that allow customers to deposit and withdraw money, transfer money to others, pay bills and make purchases.
In order to trade on Intrade you had to deposit real live money with them.
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Yet even in the months before its closing, the Southern Michigan branch meant more to Athens than just a place to deposit and withdraw money.
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The court order said Sahara had "no right to collect" the funds "without complying with any regulatory provisions" and ordered the group to deposit the refunded money in a nationalised bank.
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