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
Mama L [17]
3 years ago
8

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

Business
1 answer:
insens350 [35]3 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.

You might be interested in
Many of the responsibilities associated with working in a professional sport organization, such as the National Football League
I am Lyosha [343]

Answer:

False

Explanation:

Many of the responsibilities associated with working in a professional sport organization is similar to the responsibilities found in collegiate athletic administrations

Collegiate athletic administration is a body that regulates student athletes from North American it generally covers unprofessional and university level competitive games and it is non-profit . while professional sport organizations have vast responsibilities that are applicable to collegiate athletic administration

8 0
3 years ago
Suppose that over the past year, the nominal interest rate was 5 percent, the CPI was 150.3 at the end of the year, and the CPI
makvit [3.9K]

Answer:

The correct answer is option c.

Explanation:

The nominal interest rate was 5 percent.

The CPI was 150.3 at the end of the year, and the CPI was 144.2 at the beginning of the year.

The 5% nominal interest rate means that the dollar value of savings increased at 5%.

Inflation rate

= \frac{(150.3 - 144.2)}{144.2}

= 0.0423 or 4.2%

The real interest rate

= Nominal interest rate - rate of inflation

= 5 - 4.2

= 0.8%

The real interest rate of 0.8% indicates that the purchasing power of savings increased at 0.8%.

3 0
3 years ago
?fournotts printing inc. manufactures and sells photocopiers, printers, and scanners to various corporate offices. this is an ex
vovangra [49]
This is an example of business marketing.
When somebody sells their goods and services to individuals or organizations for purposes other than personal use, that would be considered business marketing. These corporate offices won't use the goods for their personal use, but rather for work.
8 0
3 years ago
A newly established company, The Malt Company, wishes to enter the beer market in Country A by building a new brewery there. Man
Alina [70]

Answer: barriers to entry

Explanation:

Barriers to entry are also known as economic barrier to entry. They are hindrances which makes entering a particular market difficult by new entrant.

Barrier to entry are fixed cost that must be incur by a new company irrespective of their sales or production level, this cost are incur by new entrant which those who have been in the industry before do not have to incur.

Few common barriers to entry includes technology, government regulation and policy, economies of scale, etc.

4 0
3 years ago
peggy practices her gymnastics routine for a total of 21 hours.Each practice session is 1 and 3 4 hours.how many practices sessi
mylen [45]
7 practice sessions
3 0
3 years ago
Other questions:
  • Pioneer Chicken advertises "lite" chicken with 30% fewer calories than standard chicken. When the process for "lite" chicken bre
    9·1 answer
  • 18 Select the correct answer. What term refers to the process of focusing website content to attract more visitors (or hits)? A.
    7·1 answer
  • which of the following, if true, would illustrate why price indexes such as the cspi might overstate inflation in the cost of go
    7·1 answer
  • John was a high school teacher earning $ 80,000 per year. He quit his job to start his own business in pizza catering. In order
    6·1 answer
  • What is the maximum age a taxpayer with no qualifying children may be at the end of the year and still qualify for the earned in
    9·1 answer
  • In which performance appraisal method are various performance levels shown along a scale that incorporates only positive perform
    7·1 answer
  • Can these workers build the desired houses without plan?explain your answer.​
    14·1 answer
  • A company started the year with $1,500 of supplies on hand. During the year the company purchased additional supplies of $800 an
    13·1 answer
  • Under activity-based costing, nonmanufacturing costs ______.
    12·1 answer
  • What is the term given to a specialized accounting book or computer program in which information is transferred into specific ca
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!