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4 years ago

Banks work to earn a profit by selling financial services Group of answer choices True or false?

Business

1 answer:

insens350 [35]4 years ago

5 0

Answer:

True

Explanation:

Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.

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Which of the following would lead to an increase in the demand for golf balls?

dangina [55]

Answer:

Option C, An decrease in the price of golf balls, is the right answer.

Explanation:

Option “C” is correct because as per the law of demand, the price of a commodity and its demand are inversely related to each other. If the price increases, then the demand for the commodity falls. If the price of the commodity falls, then the demand increases. Similarly, in the case of golf balls, when its price decreases then this decrease in price will result in an increase in demand for golf balls.

3 0

4 years ago

Which of the following acts protect a "famous" trademark, even if the owner is unable to prove that the public is confused by an

Serhud [2]

Answer:

E) Trademark Dilution Act

Explanation:

The Trademark Dilution Act was passed by Congress in 1995 and it's sole purpose is to protect famous trademarks from similar imitations or copycats.

Long before this law was passed, famous trademarks like Coke had to sue imitators that tried to use similar names to market "alternative" products. For example, in 1920 Coca Cola (owner of Coke) sued Koke for trademark infringement and won.

The Trademark Dilution Act prohibits using trademarks and logos that are similar to famous trademarks because it dilutes their reputation and goodwill.

8 0

4 years ago

After adjustments at March 31, 20Y2, the end of the first full year of operations, the revenues were $598,000 and expenses were

larisa86 [58]

Answer:

revenues 598,000 debit

income summary 598,000 credit

--- to close revenues accounts---

income summary 480,000 debit

expenses 480,000 credit

-- to close expenses accounts ---

income summary 70,000 debit

lang withdrawals 40,000 credit

capri withdrawals 30,000 credit

--- to close withdrawals account---

Explanation:

We will use income summary account to close the accounts:

as the revenues normal balance is credit to close it, we will debit it.

as expenses normal balance is debit to close it, we will credit it.

the withdrawals are done like:

withdrawals debit

cash credit

so their blaance is debit, to close it we will credit them

5 0

3 years ago

Many underdeveloped economies have a large number of squatters—people who occupy a plot of land without any deed existing to giv

deff fn [24]

1. the land squatters occupy is not protected against seizure by someone else.

2. squatters cannot mortgage, or borrow against, the land.
3.Squatters cannot legally sell the land they occupy.

5 0

3 years ago

According to a 2005 study of high school students in wisconsin, what is the primary motivator today for high school students' de

Solnce55 [7]

According to 2005 study of high school students in Wisconsin, the primary motivator today for high school students' decision to participate in community or service work is the edge it gives them during college admission. Students see community service as a mean of enhancing their eligibility for college admission, because it is one of the criteria that college admission committee consider during admission process.

6 0

3 years ago