Advantages of nationalizing commercial banks in India include ensuring that all citizens are able to access funds, and improved regulation of how money is used by borrowers; a significant disadvantage of nationalization is reduced competition, meaning less incentive for the bank to modify services and rates. Proponents of a nationalized bank believe that because the bank is mandated to serve its citizens, it is more inclined to service the disadvantaged, such as low-income earners and remote communities.
According to about.com, money that is damaged and still clearly readable may be exchanged at any bank. Bills that are severely damaged are considered mutilated and must be mailed or hand delivered to the Bureau of Engraving and Printing.Full Answer >
The amount of money kept in a bank's vault varies widely and is mostly dependent on the anticipated transaction needs of each bank, the cost of shipping currency should it run low, and the loss of potential interest on cash held in the bank rather than loaned to customers, according to the Federal Reserve Bank of St. Louis. Banks must also retain a minimum amount of cash reserves by law.Full Answer >
Advantages of exporting include increased sales, gaining global market shares, diversification, lower cost per unit and expansion within the company. Disadvantages include extra costs, the possibility of needing to change products, payment collection complications and difficulties in getting reliable market information.Full Answer >
Advantages of clearcutting include the ability to manage forests economically, the creation of sunny spaces for sun-loving plant species, and the development of forage habitats for deer, elk and wildlife. Disadvantages include the disruption of existing ecosystems, the unsightly appearance and increased risk of erosion.Full Answer >