Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... An example of unsecured lending is a business credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.
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The sum of the bank's total amount of liabilities and net worth is $5002 million.
<h3>How to calculate the values?</h3>
The sum of the bank's total amount of liabilities and net worth will be:
= Total reserves + Loans + Securities + Other assets.
= 268 + 3653 + 949 + 132
= $5002 million
The additional amount of loans that the bank can make to household and firm is $8 million. This is simply the value of the excess reserve.
The current quantity of transaction deposits at the bank will be:
(Total reserve - Excess reserve) = Transactions deposit × Reserved ratio
(268 - 8) = Transaction deposit × 10%
260 = Transaction deposit × 10%
Transactions deposit = 260/10%
Transaction deposit = $2600 million = $2.6 billion
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Answer:
E. Allows savers to spread their money among many financial investments.
C. Provides an easy method of exchanging a financial security for money.
D. Collects and communicates information about borrowers to savers
Explanation:
The financial system provides several key services to both borrowers of funds as well as the lenders of funds apart from transfering excess funds from lenders/households to the firms in need of those funds (borrowers). These include-
The facility of allowing savers or lenders to invest their funds among many different financial investments instead of just one.
It provides information about the borrower to the lender.
A financial security can be easily exchanged in terms of money by these financial institutions in favour of the customer.
Therefore, E, C and D are correct