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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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Answer:

diversification strategy

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Diversification strategy can be done by creating different varieties of products. This will help the company obtain new batch of costumers with different taste/preference who cannot be obtained with their old products.

On top of that, diversification also can be done by selling the products in different methods. This usually made to target different customers who have their own preference in shopping's. For example, if a company is used to sell most of their products through store, opening an online store would be one good example of divarication through different selling methods.

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2 years ago
g 4. The price of a home is $197,000. The bank requires 20% down payment and four points at closing. The cost of the home is fin
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Answer:

a. $39,400

b. $157,600

c. $6,304

Explanation:

a. Down payment

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2 years ago
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Variable cost is different from fixed cost in that it changes with output.

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3 years ago
Both the inventory conversion period and payables deferral period use the average daily COGS in their denominators, whereas the
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Answer:

Explanation:

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Answer:

1. groups costs into meaningful buckets that are then distributed based on the activity or product they support.

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In this manner overheads that shall be charged on some standard products based on the activities involved is charged accordingly, and not based on standard overhead allocation rate.

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