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1 year ago

What is the difference between retail and consumer banking?

1 answer:

Nadusha1986 [10]1 year ago

8 0

In contrast to corporate banking, which is the area of the banking sector that serves corporate clients, retail banking refers to the portion of a bank that actually deals with retail consumers.

An illustration of a banking group ?

Commercial banks, which provide a broad variety of consumer banking services, are one form of retail bank. Deposit certificates (CDs), saving and savings account, debit and credit cards, and other common services are just a few examples.

Differences between retail and business banking ?

Individuals can manage their daily finances with the help of retail banks, which offer loans, checking and term deposits, and other services. However, commercial banks provide services including bank deposits, financing, credit lines payment systems, and more to assist businesses in starting, running, and expanding.

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From 2001 to 2004, the U.S. government went from a budget surplus to a budget deficit. According to the open-economy macroeconom

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Answer: Option (a) is correct.

Explanation:

Correct Option: The supply of loanable funds but not the supply of dollars in the market for foreign-currency exchange.

If the budget deficit increases, then U.S residents will want to purchase fewer foreign assets and foreign residents wants to buy more of U.S assets.

The budget deficit in the economy has to be financed either by borrowing or by increasing taxes. This budget deficit occurred because of the tax cuts and higher government spending.

If a country running a budget deficit, which lead to reduction in national saving. We all know that interest rate is determined in the loan market, where savers supply the loans to the private borrowers.

So, if there is a fall in the national saving, this will reduced the supply of loans from savers, which raises the interest rate in an economy.

This will attract the foreign flow of capital. This means that demand for domestic assets increases because of the higher interest rate.

Now, if foreign residents want to take an advantage of higher interest rate then they first have to acquire domestic currency.

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3 years ago

Which of the following statements is true of NAFTA? It overrode the local content requirements and rules of origin for products

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Answer:

B. It eliminated all tariffs and non-tariff trade barriers from within North America.

Explanation:

The North American Free Trade Agreement was a pact formed between America, Canada, and Mexico to encourage trade between these three countries. This pact encouraged trade within these three nations by eliminating tariff barriers that would otherwise have limited trade between the countries.

NAFTA became active on January 1, 1994. NAFTA today has been replaced by another agreement known as the United States- Mexico Trade Agreement. This was made possible by President Donald Trump who believed that NAFTA was not really fair on America.

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3 years ago

Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:

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Answer:

Crenshaw, Inc.

Cash Budget for the months of April, May, and June:

April May June

Beginning cash balance $109,000 $325,000 $419,950

Cash receipts 140,700 122,850 153,650

Cash collections from credit sales 197,400 241,200 210,600

Total cash available $447,100 $689,050 $784,200

Cash disbursements:

Wages, taxes, and expenses 79,700 75,200 103,900

Interest 9,400 9,400 9,400

Equipment purchases 33,000 5,500 147,000

Purchases of goods 179,000 167,000

Total cash disbursements 122,100 269,100 427,300

Ending balance $325,000 $419,950 $356,900

Explanation:

a) Data and Calculations:

Budget for the second quarter of 2019:

April May June

Credit sales $402,000 $351,000 $439,000

Credit purchases 179,000 167,000 200,000

Cash disbursements:

Wages, taxes, ^ expenses 79,700 75,200 103,900

Interest 9,400 9,400 9,400

Equipment purchases 33,000 5,500 147,000

Predictions:

Uncollectibles 20,100 17,550 21,950

Collections 381,900 333,450 417,050

Total credit sales $402,000 $351,000 $439,000

Cash Collections:

Month of sales 35% 140,700 122,850 153,650

Following month 60% 197,400 241,200 210,600

Total cash collections 338,100 364,050 364,250

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3 years ago

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Answer:

S/n Accounts title Debit Credit

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Allowance for Doubtful debts $2,655

((132,500*5%)-3,970)

(Being bad debt expense recorded)

b. Bad Debt expenses $8,255

Allowance for Doubtful debts $8,255

{(132,500*5%)+1,630]

(Being bad debt expense recorded)

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3 years ago

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Explanation:

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2 years ago