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Grace [21]
3 years ago
6

Why can a bank afford to pay interest rate on a savings account

Business
2 answers:
baherus [9]3 years ago
7 0

Answer:

Banks use the money from borrowers whom they charge at a high interest rate, and gives a lower rate to the people who have a savings account.  

Nadusha1986 [10]3 years ago
3 0
How can a bank afford to pay interest? Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. ... The difference between the money earned as interest on loans, any operating expenses, and the money paid as interest to savings accounts is profit to the banks.
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Which of the following sentences use correct punctuation?
EastWind [94]

Answer:

B.

Explanation:

Parenthesis are used to add the other content such as references guidelines, although they are not important but some readers tend to verify the argument so to guide them they content is given in parenthesis.

In example a: The information about the page is given by dash which is incorrect to do so.

In example b: The other information such as reference ( p.27) is given accurately.

In example C: My address is highlight by quoting, and it's not a quote, So, it's incorrect.

4 0
3 years ago
Briefly explain 3 arguments for and 3 against a national minimum wage.​
serious [3.7K]

FOR:

  • increased income for workers
  • more workers attracted to the workforce
  • less strain on federal resources for those in poverty

Against

  • more costly for businesses
  • possible unemployment due to job automation
  • higher prices for consumers.

Here are some basic arguments. You will need to explain these a bit more for your assignment though.

7 0
3 years ago
On December 31, 20X1, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 20Y1. Annual payments
hjlf

Answer:

<u>Therefore, the lease liability is $533,600 and the current liability is $46,640. </u>

Explanation:

4 0
3 years ago
management's refusal to let workers enter a plant or building to work is a: question 25 options: 1) boycott 2) reverse strike 3)
BigorU [14]

Management's refusal to let workers enter a plant or building to work is option 4) lockout.

A lockout is a state of affairs during which employers shut an area of labor and stop employees from coming into it till the employees settle for the employer's new proposals on pay or conditions of labor. [business] The opposition might resume if no new contract agreement is signed.

Strike action, conjointly referred to as labor strike, labour strike, or just strike, may be a job action caused by the mass refusal of workers to figure. A strike typically takes place in response to worker grievances. Strikes became common throughout the commercial Revolution, once mass labor became vital in factories and mines.

To learn more about lockout here

brainly.com/question/28171151

#SPJ4

4 0
1 year ago
A bank must maintain an average daily balance at the Fed of $600. In the first 2 days of the maintenance period, they maintain a
Norma-Jean [14]

Answer:

Balance with Fed on last day to be $ 800

Explanation:

Computation of balance on last day of maintenance period

Balance maintained   $ 450 for 2 days                                 $   900

                                    $ 700 for 3 days                                 $ 2,100

                                    $  650 for 2 days                                $ 1,300                                    

                                    $ 450 for 3 days                                 $ 1,350

                                    $ 650 for 3 days                                 <u>$ 1.950</u>

Average of balances maintained

                                                    13 days                                $ 7,600

Average balance maintenance required for 13 + last day)

$ 600 * (13 + 1) 14 days                                                            $ 8,400

so the balance with the Fed on the last day has to be

$ 8,400 - $ 7,600                                                                 $ 800                                

4 0
3 years ago
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