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Nezavi [6.7K]
3 years ago
14

Banks make a profit by __________.

Business
2 answers:
7nadin3 [17]3 years ago
6 0
Banks make profit by making loans at a higher interest rate than it costs them 
to obtain the money charging fees for their services, 
investing in government securities, and
paying a higher interest rate than they pay their depositors. Therefore, the correct answer would be all of the above, the last option. 
Tomtit [17]3 years ago
4 0

Answer:

<u><em>The answer is</em></u>: <u>1. Make loans at a higher interest rate than it costs. </u>

<u>2.- To obtain the money that charges fees for their services. </u>

<u>3.- Invest in government securities.</u>

Explanation:

<u>The fundraising operations, called passive operations, are materialized through the deposits</u>.

1.- The banks generate new money from the money or the resources that they obtain through the collection and, with these, they grant credits to the people, companies or organizations that request them. For giving these loans the bank charges, depending on the type of loan, amounts of money called interest and commissions.  

2.- At present, the change in the needs of companies, families and institutions, has led the banking activity to the services, which become its main source of income.

3.- Banks are also the main participants in the government stock market.

<u><em>The answer is</em></u>: <u>1. Make loans at a higher interest rate than it costs. </u>

<u>2.- To obtain the money that charges fees for their services. </u>

<u>3.- Invest in government securities.</u>

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g purchased a 25% stake in for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of equity on its balance s
stepladder [879]

Answer:

Perfection records in it's books an Investment in Associate of $486,000

Explanation:

Hi, your question has missing information, i tried to look for the full question online but I could not find it.

However, I have prepared below explanation to the problem.

When a firm has investments into another firm of less than 50% voting rights in stake but greater than 20% we say that firm has significant influent in the investee. The firm is said to have an Investment in an Associate.

Investments in Associates are always recorded using the Equity Method of Accounting.

<u>Entries for Investment in Associate are :</u>

Debit :Investment in Associate ($1,944,000 × 25%) $486,000

Credit : Share of profits of associate $486,000

Conclusion :

Perfection records in it's books an Investment in Associate of $486,000

4 0
2 years ago
Why do ralph piggy and samneric lie about their part in simon death?
8_murik_8 [283]
In The Lord Of The Flies, Jack basically convinces himself that he killed the beast and not simon, and in an example of mob mentality Piggy, Ralph, Sam and Eric all just go along with it even though they feel guilty and seem to acknowledge that they did know it was simon they were killing. 
8 0
3 years ago
Party a has agreed to exchange $1 million u.s. for $1.02 million canadian. what is this agreement called?
Mrrafil [7]

Party A has agreed to exchange $1 million U.S. dollars for1.21 million Canadian dollars. This agreement is called a swap.

<h3>What is swap?</h3>

An agreement for a financial exchange known as a "swap" calls for one of the two parties to commit to making a given number of payments at a specified frequency in exchange for the other party making a different set of payments. These flows often react to interest payments based on the swap's nominal amount.

<h3>What is the advantage of swap contract?</h3>

Through the use of swap, one can gain access to new financial markets for funding by analyzing the comparative advantage that the other party has in that market. As a result, exchange fully utilizes the comparative advantage that parties possess. As a result, money can be collected at a lower cost from the best source available.

Learn more about Swap: brainly.com/question/14990076

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3 0
1 year ago
________ is the process of distributing indirect costs to products. cost allocation job cost recording cost pooling cost tracing
tatuchka [14]
I believe the answer is cost allocation.
3 0
2 years ago
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Answer:

Following are the Journal entries to the given question:

Explanation:

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Work in process control                                                                             2000

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