2007-10-25 21:35:07 · 4 answers · asked by shilpi s 1 in Politics & Government ➔ International Organizations
It is a bank that has been taken over by the government - in other words, it is no longer privately owned.
2007-10-26 00:45:40 · answer #1 · answered by Curious1usa 7 · 0⤊ 0⤋
A nationalized bank would be the opposite of a bank like the Federal Reserve, which is privately owned and operated for the purpose of making a profit off of the American people.
A treasury would be a nationalized bank in a way. Where the government coins the money and regulates the value thereof like its supposed to instead of giving that job to a bunch of thieves.
2007-10-26 04:35:40 · answer #2 · answered by Joey C 3 · 0⤊ 0⤋
Nationalised bank is the government bank that is the repository of all deposits payable to the government.
2007-10-27 20:56:16 · answer #3 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
Nationalization, also spelled nationalisation, is the act by which a nation takes possession of assets without requiring the owner's consent, with or without payment of compensation. therefore if a bank is nationalized, it means it is seize by the government.
2007-10-26 01:28:42 · answer #4 · answered by KRISTOFF 2 · 0⤊ 0⤋