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3 years ago

Commercial banks are funded through which of the following?

2 answers:

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A. Commercial banks lend mi way to consumers in the form of car loans, mortgages and personal loans. The money distributed for these loans comes from deposits of other bank customers.

jeyben [28]3 years ago

3 0

Commercial banks are funded through customer deposits (A). Customer deposits are gotten from commercial bank’s services such as checking account services, offering basic financial products, and making various loans.

EXPLANATION :

Commercial banks earn money from services such as offering loans and earning income from the loan. Commercial banks’ types of loans are various. It may include auto loans, mortgages, personal loans, and business loans. Such a commercial bank might run the business in just one or several types of those loans.

To be able to offer various loans, commercial banks benefit from customer deposits such as CD’s, checking accounts, and savings accounts. The customers who save and deposit their money, actually the same to lending money to the bank with interest as the payment or rewards. Nevertheless, the interest rate paid by the bank for the money they borrow from the customers is less than the rate charged on the money they lend.

If you are curious about commercial banks source of fund, here are some products offered by the banks to collect customers deposits:

• Project finance

• Industrial loans

• Leasing

• Foreign trade financing

• Syndicated loans

• Bill of exchange

• Debit cards

• ATM cards

• Traveler’s cheques

• Home quality loans, and many more.

LEARN MORE

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

1. The difference between the function of Central Bank and commercial bank? brainly.com/question/4342079

2. The federal Reserve Bank of the United States is also knowns as the? brainly.com/question/11176249

KEYWORDS: Commercial bank’s fund, commercial bank’s funding

Subject: Business

Class: 10-12

Subchapter: Commercial bank’s fund

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Answer:

Option c and e

Explanation:

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3 years ago

On the food label for a package of crackers, what does a 15 percent daily value for iron mean?

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A 15% percent daily value for iron means that one serving of the cracker provides 15 percent of the iron that the average person needs each day.
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3 years ago

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In a free market system, ____. A. central planning determines supply B. government forces primarily determine prices C. most ne

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Answer: Option E

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The intervention of govt. in regulating such markets is very minimal. Thus, the control in such markets stands in hands of private owners. Therefore, the private owners produce with the single aim of profit maximization in such economies.

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3 years ago

A company issued $50,000 of 8%, 10-year bonds on January 1. The bonds pay semi annual interest. The present value factor of a si

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Answer:

$22,820

Explanation:

Calculation to determine Determine the present value of the par value of the bonds.

Discount rate =8%/2

Discount rate= 4%

Present value factor of 20 periods at 4%= ( 1 / 1.04^20 )

Present value factor of 20 periods at 4%=0.4564

Using this formula

Present value of the par value of the bond = Future value of the bond x Present value factor =

Let plug in the formula

Present value of the par value of the bond=$50,000 x 0.4564

Present value of the par value of the bond = $22,820

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3 years ago

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepa

Vesna [10]

Question Completion:

Prepare income statement, statement of owners' equity, and a balance sheet.

Answer:

Elliptical Consulting

1. ELlIPTICAL CONSULTING

Income Statement for the year ended June 30, 2076:

Fees Earned $71,580

Salary Expense 28,670

Supplies Expense 3,340

Depreciation Exp. 1,990

Miscellaneous Exp. 3,010 37,010

Net Income $34,570

Statement of Owners' Equity for the year ended June 30, 20Y6:

Jayson Neese, Capital $38,320

Net Income 34,570

Jayson Neese, Drawing (4,880)

Jayson Neese, Equity $68,010

Balance Sheet as of June 30, 20Y6:

Assets:

Cash $15,780

Accounts Receivable 37,570

Supplies 640 $53,990

Office Equipment 30,810

Accumulated Depreciation 6,160 $24,650

Total assets $78,640

Liabilities + Equity:

Accounts Payable $10,140

Salaries Payable 490

Total liabilities $10,630

Jayson Neese, Capital $68,010

Total liabilities and equity $78,640

Explanation:

a) Data and Calculations:

Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 20Y6

Unadjusted Adjusted

Trial Balance Adjustments Trial Balance

Account Title Dr. Cr. Dr. Cr. Dr. Cr.

Cash 15,780 15,780

Accounts Receivable 37,570 37,570

Supplies 3,980 (a) 3,340 640

Office Equipment 30,810 30,810

Accumulated Depreciation 4,170 (b) 1,990 6,160

Accounts Payable 10,140 10,140

Salaries Payable (c) 490 490

Jayson Neese, Capital 38,320 38,320

Jayson Neese, Drawing 4,880 4,880

Fees Earned 71,580 71,580

Salary Expense 28,180 (c) 490 28,670

Supplies Expense (a) 3,340 3,340

Depreciation Exp. (b) 1,990 1,990

Miscellaneous Exp. 3,010 3,010

Totals 124,210 124,210 5,820 5,820 126,690 126,690

Adjusted

Trial Balance

Account Title Dr. Cr.

Cash 15,780

Accounts Receivable 37,570

Supplies 640

Office Equipment 30,810

Accumulated Depreciation 6,160

Accounts Payable 10,140

Salaries Payable 490

Jayson Neese, Capital 38,320

Jayson Neese, Drawing 4,880

Fees Earned 71,580

Salary Expense 28,670

Supplies Expense 3,340

Depreciation Exp. 1,990

Miscellaneous Exp. 3,010

Totals 126,690 126,690

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2 years ago