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
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.

You might be interested in
Tell whether the statement is TRUE or FALSE. Deregulation always leads to lower prices for the consumer.
SVEN [57.7K]
FALSE. Deregulation allows vendors or sellers to set individual prices with no regulation, therefore more likely to set higher rates.
5 0
3 years ago
A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b
xenn [34]

Answer:

  B. Budgetary.

Explanation:

  They are used to do that because the range of variance could be from -10% to +20%.

  Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

  I hope this answer helps you.

5 0
3 years ago
Read 2 more answers
On January 1, 2018, Race Corp. acquired 80% of the voting common stock of Gallow Inc. During the year, Race sold to Gallow for $
andreyandreev [35.5K]

Answer:

Consolidated income: 954,800 dollars

Explanation:

Gallow income x race participation:

    $   204,000    x   80%   = $ 163,200

The gross profit in the infra-entity transaction will be eliminated

$ 450,000 - $ 330,000 = $ 120,000 gross profit

15% remains at Gallow so: $ 120,000 x 15% = $ 18,000 gross profit for the unsold inventory.

We now multiply by Race participation: $ 18,000 x 80% = $ 14,400 unrealized gain.

Consolidated income:

Race income:   806,000

Gallo income    163, 200

unrealized gain (14, 400)

Total:                954,800

3 0
3 years ago
Why does a​ $1 increase in government purchases lead to more than a​ $1 increase in income and​ spending? A. Through the governm
MArishka [77]

Answer:

D. Through the government purchases​ multiplier, the​ $1 increase in government spending will lead to an increase in aggregate demand and national​ income, which will lead to an increase in induced spending.

Explanation:

We know,

Multiplier = Changing real equilibrium GDP ÷Change of government spending.

If we increase the multiplier, government spending will lead to an increase in aggregate demand that is potential GDP is higher than actual GDP and national​ income, which will lead to an increase in induced spending. Therefore option D is the correct answer as options A, B, and C do not meet the requirements.

8 0
2 years ago
You are the head of HR at an organic foods manufacturer. Your goal is to enable HR to transform the functioning of the company t
laila [671]

Answer:

Allocate sufficient resources and support for the HRX initiative ( B )

Explanation:

Allocating sufficient resources and support for the HRX initiative is a very good step in the right direction as the HR Manger in trying to implement the HRX initiative and also for the long term success of this Initiative as well.

since The main goal of the Head of the Human resources department is to transform the company's production level to a higher level of productivity in a quicker timer frame, dedicating more resources and support to the initiative will help to speed up activities and the company will start producing  at a very fast rate. having to increase salary will not help because the workers can only do what they can do they can't go beyond their limit hence there will be health emergencies.

4 0
3 years ago
Other questions:
  • How can you make yourself "visible" when telecommuting?
    5·1 answer
  • The utility created by making a product available at a location where customers wish to purchase it is called _________ utility
    8·1 answer
  • In 1776, an economics book titled was published to promote the concept of free enterprise.
    6·2 answers
  • Stanley purchases nonresidential real property costing $300,000 and places it in service in March 2018. What is Stanley's 2019 d
    7·1 answer
  • A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 * age +1300
    6·1 answer
  • In the Keynesian-cross model, fiscal policy has a multiplied effect on income because fiscal policy: changes income, which chang
    14·2 answers
  • You are in a line at the bank drive-through and 9 cars are in front of you. You estimate that the clerk is taking about four min
    12·1 answer
  • A company's total expected overhead for the year is $500,000. Two activity cost pools have been identified: Customer Service wit
    12·1 answer
  • The board of directors declared cash dividends totaling $160,000 during the current year. The comparative balance sheet indicate
    7·1 answer
  • GDP is the market value of: A. Resources (land, labor, capita, and entrepreneurship) in an economy in a given year B. All final
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!