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Chivalry Posted 15 years ago
Vocabulary
Several questions in this news article
http://www.mail.com/int/news/uk/334728-iceland-rejects-debt-deal-to-repay-uk-dutch.html#.23010-stage-teaser1-2
My questions are:
1. What's a worth of deposit as mentioned in the beginning?
2. Why would they have to pay for it in a FAILED on-line bank? What does that even mean?
My questions are:
1. What's a worth of deposit as mentioned in the beginning?
2. Why would they have to pay for it in a FAILED on-line bank? What does that even mean?
Top answer
1) The total amount of money deposited in the failed bank was 5$ billion 2) Normally all the money deposited in a bank should be protected and insured (at least to a certain amount). It's the job of the government to ensure that the clients get compensated in the event of the bank's failure. "A failed bank" means that the bank went bankrupt.
- 1) The total amount of money deposited in the failed bank was 5$ billion 2) Normally all the money deposited in a bank should be protected and insured (at least to a certain amount).
- It's the job of the government to ensure that the clients get compensated in the event of the bank's failure.
- "A failed bank" means that the bank went bankrupt.
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4 Answers
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1) The total amount of money deposited in the failed bank was 5$ billion
2) Normally all the money deposited in a bank should be protected and insured (at least to a certain amount). It's the job of the government to ensure that the clients get compensated in the event of the
2) Normally all the money deposited in a bank should be protected and insured (at least to a certain amount). It's the job of the government to ensure that the clients get compensated in the event of the
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Ivanhr2) Normally all the money deposited in a bank should be protected and insured (at least to a certain amount). It's the job of the government to ensure that the clients get compensated in the event of the bank's failure. "A failed bank" means that the bank went bankrupt.The job of the government? Even if it's not a government-backed bank? (Surely I'm
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I don't know what you mean by "...situations in this case".
Anyway, you should understand that the government of a particular country is (at least in part) responsible for its banking system. Banks should act in accordance with the regulations/laws passed by the government. Normally, a bank should never go bankrupt if it adheres to the guidelines laid out by the government (and the count
Anyway, you should understand that the government of a particular country is (at least in part) responsible for its banking system. Banks should act in accordance with the regulations/laws passed by the government. Normally, a bank should never go bankrupt if it adheres to the guidelines laid out by the government (and the count
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IvanhrI don't know what you mean by "...situations in this case". Anyway, you should understand that the government of a particular country is (at least in part) responsible for its banking system. Banks should act in accordance with the regulations/laws passed by the government. Normally, a bank should never go bankrupt if it adheres to the guidelines laid out by the gov
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