why oz banks borrow money from foreign banks?

  1. Aflatoon
    1,927 Posts.
    clock Created with Sketch.
    07/02/12
    09:32
    Post #: 9654631
    My son(17) asks me Why Oz banks have to go out to borrow money to land customers locally? Are the Government (RBA) short of money supply? I am thinking the same thing but could not give him satisfactory reply. Can any one on HC?
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Rincon Lithium Project to be powered by 40MW energy infrastructure
right-arrow Created with Sketch.
NEWS Blue Moon first wedge hole intersects 543g/t gold over 1.2m in laminated quartz vein
right-arrow Created with Sketch.
NEWS Exploration drilling confirms large gold system at Abercromby Gold Project
right-arrow Created with Sketch.
NEWS Johns Lyng Group enters scheme implementation deed with PEP
right-arrow Created with Sketch.
NUZ Positive FDA feedback on NUZ-001 strategy to lift clinical hold
right-arrow Created with Sketch.
CC9 Chariot to Acquire Majority Stake in a Nigerian Lithium Portfolio
right-arrow Created with Sketch.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.