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Cerrena [4.2K]
3 years ago
10

Just as depository institutions differ from non-depository Institutions, there are also differences between the structure and ac

tivities of, and the financial products and services provided by, various depository institutions. Read the following statements and indicate which, if any, are true.
A) Mutual savings Banks and credit unions are similar in that both are owned by their depositors, who share in their profits.
B) Demand deposit accounts created by commercial banks are usually called checking accounts or negotiable order of withdrawal (NOW) accounts, while those created by Credit unions are called share draft accounts
C) Members of both credit unions and mutual savings banks share a common bond or affiliation
Business
1 answer:
bezimeni [28]3 years ago
5 0

Answer: A. True

B. True

C. False

Explanation:

A. Both Mutual Savings Banks and Credit Unions are owned by the their depositors. Credit Unions are owned and operated by members for the purpose of creating banking services for themselves at a cheaper cost.

Mutual Savings Banks are also owned by members who felt that traditional banks did not favour them.

B. Demand Deposit accounts exist in both commercial banks and Credit Unions but with different names. In Commercial banks they are known as Checking accounts for the most part but Credit Unions call them Share Draft Accounts and members of the Union can use these accounts by writing drafts like Commercial banks allow cheques.

C. While Credit Unions were formed usually for people in the same organisations or people with a common bond, Mutual Savings Banks were generally meant to uplift the lower economic classes so they did not share a common bond as Credit Union members do.

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Investments and loans base their interest calculations on one of two possible methods: the interest and the interest methods. Bo
IrinaK [193]

  1. FV = PV Times (1 + r)^n
  2. FV = PV + (PV Times r Times n)
  3. False
  4. False
  5. True
  6. Laura should invest in investment P

Investment = L  FV = $66,485.49  Make this investment? No

Investment = M  FV = $59,400  Make this investment? No

Investment = P  FV = $77,318.37  Make this investment? Yes

Explanation:

  1. Compound interest: FV = PV Times (1 + r)^n
  2. Simple interest: FV = PV + (PV Times r Times n)
  3. The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods. False
  4. After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest. False
  5. All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year. True

Investment = L

Interest rate and method = 5% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.05)^8

FV = 45000 * (1.05)^8

FV = 45000 * 1.477455 = $66,485.49

Make this investment? Yes / No

Investment = M

Interest rate and method = 4% simple interest

Expected Future Value, FV = PV + (PV * r * n)

FV = 45000 + (45000 * 0.04 * 8)

FV = 45000 + 14400 = $59,400

Make this investment? Yes / No

Investment = P

Interest rate and method = 7% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.07)^8

FV = 45000 * (1.07)^8

FV = 45000 * 1.718186 = $77,318.37

Make this investment? Yes / No

Since she can only make one investment during the eight-year investment period, Laura should invest in investment P

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3 years ago
has 10 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 1
katovenus [111]

Answer:

4.62%

Explanation:

we need to calculate the yield to maturity of the bond:

YTM = [coupon + (face value - market value)/n] / [(face value + market value)/2]

  • coupon = $50
  • face value = $1,000
  • market value = $1,078
  • n = 38 semiannual payments

YTM = [$50 + ($1,000 - $1,078)/38] / [($1,000 + $1,078)/2]

YTM = $47.95 / $1,039 = 4.615 ≈ 4.62%

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3 years ago
Granite Inc. is a reputable company that has contributed a lot toward the social welfare of the people. It has also improved wor
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Answer: Corporate responsibility report.

                       

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The organisation have legal bounding to work for the betterment of society and also it increases the positive image of that organisation in the eyes of customers.

Hence this report is published by the organisations for fulfilling these objectives,.

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Employers prefer to review a___ resume when the history is the most important consideration. A) targeted b) combination c) chron
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The answer is C: chronological (because it pertains to an order and can involve history. 
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Ensuring proper collection preservation and safeguarding of federal records is the responsibility of <u>All Air Force Personal</u>.

<h3>What is Record Management Policy?</h3>
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  • A record keeping policy is a collection of guidelines for managing the creation, receipt, storage for historical purposes, and destruction of documents and other information within an organization.
  • When it comes to safeguarding the rights and interests of the general public, holding public servants responsible for their acts, and recording the history of our country, federal records are crucial corporate assets.
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There are numerous types of federal records, including but not restricted to:

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Know more about Record Management Policy brainly.com/question/14693974

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