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The proper bank notation for a million dollars is as follows,
"One million dollars and zero cents."
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What is the proper abbreviation for 7 million dollars?
7mm
Disadvantages of core banking?
1. Excessive reliance on technology 2. Any failure in computer systems can cause entire network to go down. 3. If Data is not protected properly and if proper care is not taken , hackers can gain access to the sensitive data.
Are online savings accounts FDIC insured?
Yes, they are. As long as you open your account with a proper, government-approved bank and not a sketchy fraud, your money is insured. The best way to make sure is to read the small text about insurance most online banking websites have.
What is branch banking and unit banking?
Under branch banking system, a single bank has many branches spread over a vast geographical area. Here, all branches of a bank uniformly follow the policies formulated by the Head office. Each branch manager manages its business in accordance with the local requirements within the overall policies and guidelines of the Head office. For instance, a deposit oriented branch would remit the surplus to the head office without the need to bother about its effective use. Likewise, advances oriented branches can draw from the head office the required funds.Branch banking originated in England and is followed in most countries of the world. Australia, India, Canada, South Africa are some of the countries following branch banking system. In India almost all banks follow this type of banking.Under unit banking system, banks function as monoliths with one office with a few branches spread within a small area of operation. Therefore, a large number of banks operate with a limited area of jurisdiction. The unit banks are linked through a system of correspondent banks. A bank in a small town maintains an account with a bank in a big city. The small banks will seek the help of bigger banks in rendering services, like remittance of funds, etc., to their customers in big cities.The United States of America is the home of unit banking. It has over 10, 000 commercial banks. The big banks are established under Federal laws as national banks. Smaller banks are established under the state laws as state banks. The preference of unit banking reflects the economic and political philosophy of the country against the concentration of economic power.The demerits of branch banking are merits of unit banking. However, it can be seen the advantages of branch banking outweigh, those of unit banking. The disadvantages of branch banking are such as can be overcome by proper planning and adopting good management practices. That is why branch banking is most prevalent system in the world.M.J. SUBRAMANYAM, XCHANGING CO., BANGALORE
How safe are online banks to bank with?
Internet banking is very safe. Banks should be insured with the FDIC. (Federal Deposit Insurance Corporation) Proper precautions should always be used when accessing your online account. This would include safe guarding your user name and password.
Is it 3 million dollars or three million dollars?
the million is the proper way to write it if you use it in a sentence
What is the proper abbreviation for 7 million dollars?
7mm
Do you capitalize one million dollars?
No, because it is n ot a proper nou n.
What is the proper numerical name for a googol e.g. One million?
For such large numbers, it is best just to use scientific notation. In this case, 10100.
Which is the proper scientific notation of the number 18200?
The proper scientific notation of the number 18,200 is: 1.82 × 104 or 1.82E4
What is the proper form scientific notation 0.0069201?
The proper form of scientific notation of 0.0069201 is: 6.9201 × 10-3
Is the proper scientific notation or number 18200?
It is 1.82*10^4 in scientific notation
What is the proper scientific notation of the number 18200?
18,200 in Scientific Notation = 1.82 x 104
More proper 4M or 4 Million?
4 Million is more proper.
What is the proper scientific notation for 7000000?
It is: 7.0*106
What is the proper scientific notation of 18200?
It is: 1.82*104
What is the proper scientific notation for the number 18200?
18,200 in Scientific Notation = 1.82 x 10418,200 in Scientific Notation = 1.82 x 104
