1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hodyreva [135]
3 years ago
6

Which of the following statements accurately describes the primary way in which banks and other financial institutions generate

profits?

Social Studies
2 answers:
Vlad1618 [11]3 years ago
6 0

Answer:

The right answer is "Loaning depositors´money to borrowers and charging the borrowers interest."

Explanation:

katrin [286]3 years ago
5 0

The correct answer is B) loaning depositor's money to borrowers and charging the borrower's interest.

The statement that accurately describes the primary way in which banks and other financial institutions generate profits is " loaning depositor's money to borrowers and charging the borrower's interest."

That is how banks do business and get a profit. They have this "x" amount of money that is offered to people to be borrowed. Every time the bank borrows money, it charges interests. You have to pay the loan on time if you do not want extra charges. If you have a credit card account, you pay a monthly or annual fee for the service.

You might be interested in
What is the first past the Post electrol system?​
Nina [5.8K]

Answer:

here you go

Explanation:

Members of Congress are elected in single-member districts according to the "first-past-the-post" (FPTP) principle, meaning that the candidate with the plurality of votes is the winner of the congressional seat. The losing party or parties win no representation at all.

3 0
3 years ago
What would be James Ogelthorpe’s best argument for establishing a new colony in North America?
ivanzaharov [21]

Answer:

it would: serve as protection for Florida. send raw materials to Britain.

Explanation:

4 0
4 years ago
What did john simth convince pawhatan of?
solmaris [256]
John Smith Persuaded Powhatan of his innocence of violence towards the natives after he was ambushed by the Indians and brought forth to their leader,Powhatan. He convinced them that the settlers were peaceful and meant no harm towards his people. Despite the later ongoing events.
3 0
3 years ago
Which of the following phrases best describes East Germany after World War II?
Yakvenalex [24]
C. communist economic system
6 0
4 years ago
Read 2 more answers
Kevin works hard as a banker. He makes a good living and has a nice house and car. He believes that everyone should have to pay
hichkok12 [17]

The theory which supports Kevin's view is known as liberalism or neoliberalism, and defends individual freedom, the fight for the own interest and economies which are independent of the interventions of governments. This in turn, would bring the best possible outcome for the colective as public spending and state intervention distort markets, which allocate resources and income more efficiently on their own.

Connecting (neo)liberalism with Kevin's views, people who cannot pay their higher education would not be able to study, as he supports the idea that public spending thorugh scholarships or cheap loans should not be granted to people without means to pay their studies . In turn, they should find their own way within the markets system, for example, find a job and earn the money, obtain a private loan and return the money afterwards, etc.


8 0
3 years ago
Other questions:
  • What did king George lll do when he received an olive branch petition from Congress
    9·2 answers
  • Inferences about individuals based on the results of group data on the stability of intelligence test scores may be misleading b
    5·1 answer
  • Maura has been a real handful for her 3rd grade teacher. she is constantly getting up out of her seat, even during quiet study t
    5·1 answer
  • Samantha has known for weeks that she has a major term paper due in her English class. She waits until the weekend before the pa
    10·1 answer
  • What are ways that human activity impacts the water supply?
    12·2 answers
  • Asif and his son Ali are watching television. Asif turns the channel when beer commercials are shown. Ali asks his father why he
    14·2 answers
  • What happened when businesses cut production?
    10·2 answers
  • Which of the following describes the role of Islam in Saudi Arabian history?
    11·1 answer
  • Which of the following is an example of a job done by a state employee?
    13·1 answer
  • What is the first name of the singer in the interactive Vienna State Opera video?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!