2007-11-02 21:34:24 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Bank means deposit and borrowing intermediary
Most bank started as the owner already have good business reputation and people start deposit with them $50,000 with fixed interest and then the bank invest or lend the $50,000 to several business and earn more than the interest that bank has pay to depositor.
Rich business people think if they can have millions of dollars; they can run a bank, with nice buildings, pretty tellers, sophiticated computers but if there is no trust from the community to deposit to the bank, then you just have a bank with no actual business. Infact 95% of bank around have no actual business.
2007-11-02 21:51:21 · answer #1 · answered by kenzo 2 · 0⤊ 0⤋
Well I dont see Your Name on Board of Directors. So I better resign and state You Always Good will take my position. And I dont have black money at present. So I will deposit my 10 points (if I chosen as Best Answerer) in this Huge Bank. Regards Flutter
2016-03-17 04:09:48 · answer #2 · answered by Anonymous · 0⤊ 1⤋
You can start a bank with any amount of money, there is no minimum or maximum amount of money that you have to have in your bank.
2007-11-02 21:44:43 · answer #3 · answered by Anonymous · 1⤊ 0⤋
minimum $5million
2007-11-02 22:03:35 · answer #4 · answered by Partly Shady 2 · 0⤊ 0⤋