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Dennis_Churaev [7]
3 years ago
5

Please answer the questions you can

Business
1 answer:
ValentinkaMS [17]3 years ago
3 0

Answer:

11. Explain the primary functions of a commercial bank.  

The Primary function of a commercial bank is to offer loans to individuals and businesses.

Explanation

A commercial bank receives money mostly from individuals and businesses opening saving or current accounts. Then they use these deposits to lend money to other businesses or individuals. This is possible because commercial banks only need to keep the 10% of the deposits made in a savings or current account.  

Other functions of commercial banks are to offer security to the funds deposited by their customer, teach the customers financial education and give them possibilities of investment such as Certificate Term Deposits

17. Describe the procedure of opening a savings bank account in a bank  

The procedure for opening a savings bank account is:

1. Fill in the application form.  

2. Present the following documentation with your application: government-issued identification (a driver's license number, military ID, or other ID), your Social Security number, and a mailing address.  

3. Go to a bank branch or to its website and open the account.

4. Make the initial deposit if required.  

Explanation:

Opening a savings account will require that you identify yourself to the bank with a document that proves who you are, where you live, how old are you and how to contact you. This basic information is gathered in an application form that will be filed as the banks support in front of the regulators in case of an audit and will prove that you are a real person.

Afterwards the bank takes that information and check that everything is true and legal. After making that investigation you are granted with an account number and a card that you might use in any ATM to withdraw money.  

For the las step of the opening of a bank account you need to deposit money so you have funds to save or make purchases.  

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In the contracting process, a licensee must be careful to:__________
olasank [31]

Answer:

c. drafting a contract illegally.

Explanation:

In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.

Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.

7 0
3 years ago
Nowadays,there are more separate retail and commercial banks than ever.
cupoosta [38]
B!!!!!!!!!!!!!!!!!!!!
5 0
3 years ago
Arden has designed an artistic design to complement his product's name to assist customers in identifying his product. these are
Shtirlitz [24]
<span>This is called a brand. This helps a company distinguish itself from other companies and in some circumstances, a brand might make the product more appealing to the customer by adding a certain personality to it. This helps the consumer relate to the product more.</span>
7 0
3 years ago
Read 2 more answers
Kansas Enterprises purchased equipment for $73,500 on January 1, 2018. The equipment is expected to have a five-year life, with
arsen [322]

Answer:

Using the straight-line method, the book value at December 31, 2018 would be $53.760

Explanation:

                2018 2019 2020 2021 2022

Cost      67200 53.760 40.320 26.880 13.440

Dep-Acu      13.440 13.440 13.440 13.440 13.440

Book Value53.760 40.320 26.880 13.440 0

3 0
3 years ago
An export subsidy will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall d
Paladinen [302]

Answer:

increase; decrease; decrease; decrease.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

An export subsidy can be defined as any government policy that encourages the export of goods to other countries while discouraging the sales of goods in the domestic market through the use of tax reliefs, low cost loans, government foreign adverts, etc.

A surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Hence, an export subsidy will increase producer surplus, decrease consumer surplus, decrease government revenue, and decrease overall domestic national welfare.

5 0
2 years ago
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