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sawali
Bank of Canada is responsible for money in circulation. Coins are struck at Royal Canadian Mint.
| 13 years ago. Rating: 0 | |
This I understand but how does the Bank of Canada distribute the money? Like do any institutions other than the Bank of Canada collect any fees, etc for this distribution ?. I would like to know this.
Banking institutions place their orders with B o Canada. That's how it flows into the mainstream.
Do the Banks get to charge Bank of Canada any fees(interest, etc.) for receiving the money and putting it into the mainstream?
Banks need money for their customers. No they don't pay fees for this purpose and neither do they receive fees from B O C.
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