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Ksivusya [100]
3 years ago
8

What Are the Differences Between Depository and Non-Depository Institutions? The financial services industry in the United State

s has undergone major changes over the years. For many years, it consisted of two major types of business organizations: depository institutions and non-depository institutions. However, today this distinction has become much less clear-cut. Now, both groups of institutions may offer many of the same financial products and financial services
How do depository institutions differ from non-depository institutions?
Depository institutions are required to ______ and _______ although the general terms used to describe these financial products may vary across the various types of institutions. Non-depository institutions, in contrast, accept cash contributions from their customers, but the cash inflows are not called ________ instead, they're called shares or premiums.
Depository institutions include:_______.
1. Commercial banks, savings banks, savings and loan associations (thrifts), and credit unions
2. Mutual funds, insurance companies, brokerage firms, and financial services companies
Business
1 answer:
Burka [1]3 years ago
3 0

Answer:

1. Accept deposits;make loan;deposits.

2. Commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.

Explanation:

Depository institutions are required to accept deposits and make loans although the general terms used to describe these financial products may vary across the various types of institutions. Non-depository institutions, in contrast, accept cash contributions from their customers, but the cash inflows are not called deposits instead, they're called shares or premiums.

Depository institutions include commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.

Non-depository financial institutions include mortgage banks, pension funds, insurance companies, mutual fund, securities firms etc.

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Bina Co. purchased a machine on January 1st for $15,000 and estimates it will use the machine for three years with a $3,000 salv
KATRIN_1 [288]

The machine's second year depreciation expense is $3,200.

Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.

Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)

Total units the machine can produce = 1500 + 1250 + 1000 = 3750

(1000 / 3750) x ($15,000 - $3,000) = $3,200

A similar question was answered here: brainly.com/question/15858628?referrer=searchResults

4 0
2 years ago
The adult population of Foxcastle is 100,000 people. Of these 100,000 people, 20,000 are not in the labor force. Of the remainin
valina [46]

Answer:

16,000

Explanation:

A marginally attached worker is a jobless individual who is not included in the labor force. They are excluded in the labor force because they have not searched for employment in the last four weeks. Marginally attached workers will comprise of discouraged job seekers willing to take up a job if offered one. A marginally attached worker has have searched for work in the past 12 months.

For Foxcatle, the marginally attached will be the discouraged workers. They are not in the labor force; hence they are not considered as employed or unemployed.

8 0
3 years ago
When a government transfers the rights and obligations of an asset to another legally separate governmental or private sector en
Mamont248 [21]

Answer: A service concession arrangement (D)

Explanation:

A service concession arrangement is an agreement whereby the government contracts with a private enterprise in order to operate, develop and maintain an infrastructural facility such as a tunnel, bridge, road, hospital, airport or prison. The government regulates and controls the kind of services the operator must provide, to whom the services are provided and at the price the services will be provided.

Concession agreements can also be between a non-governmental owner and a concessionaire, whereby the non-governmental owner gives the operator the exclusive rights to use and maintain the business for a stipulated period of time under specified conditions.

4 0
3 years ago
A loan is being amortized by means of level monthly payments at an annual effective interest rate of 8%. The amount of principal
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Answer:

d) 216

Explanation:

We need to equate the value of 12th payment and t^th payment through the below formula.

=> 1000*(1+8%)^[(t-12)/12] =3700

=> (1.08)^[(t-12)/12] =3.7

=> [(t-12)/12] =17

=> t=216

4 0
3 years ago
Why does the moon have phases​
aleksandrvk [35]
The Moon has phases because it orbits Earth, which causes the portion we see illuminated to change.
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