"You have a deposit entry which is payable on demand to be converted into your money in a transaction called a withdrawl"
And don't for a minute that these funds are guaranteed by the government. Australia is 1 of only 2 western countries that do not implement deposit insurance. Also note that Glenn Stevens from the RBA recently stated that they would not be bailing out a failed bank
- Forums
- ASX - General
- opes prime hard to read agreements
"You have a deposit entry which is payable on demand to be...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)