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
Virty [35]
3 years ago
15

How do banks benefit of giving people loans

Business
2 answers:
DIA [1.3K]3 years ago
8 0
Search Results
Featured snippet from the web
It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit. I agree with the other person it was on the internet. Hope this helped :)
Kitty [74]3 years ago
5 0

Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.

Explanation: Hopefully this helped!

You might be interested in
Eliminating the Drafty product line would eliminate $45,000 of direct fixed costs. The $78,000 of common fixed costs would be re
bagirrra123 [75]

Answer:

The Blowing's sand net income will increase by $45,000 by saving of direct fixed costs.

Explanation:

Fixed costs are costs which remains unchanged irrespective of the level of activity produced by Blowing Sand's, means the Blowing Sand's will have to bear that cost whether it eliminate the Drafty product line or not. example factory rent, building depreciation etc.

Direct Fixed costs are those which only incurred when the units are produced so that will only incur costs when production is made.

So the elimination of Drafty product line will save $45,000 of direct fixed costs and the remaining $78,000 will be redistributed to other remaining product lines which will not impact the net income.

6 0
3 years ago
What is the relationship between a good's price and the amount that people are willing to buy?
drek231 [11]
Quantity and quality.
4 0
3 years ago
Kathleen is a member of the human resource department at Jade Corp. Setting a goal to enhance the firm's strategy, Kathleen work
Tasya [4]

Answer: HRM's responsibility to serve as a strategic partner

Explanation: an strategic partner is the person with whom a long-term agreement is reached for sharing of physical and/or intellectual resources in achievement of defined common objective.

4 0
3 years ago
What is the model called that determines the present value of a stock based on its next annual dividend, the dividend growth rat
kotykmax [81]

Answer:

The correct answer is letter "B": dividend growth.

Explanation:

A dividend is a cash distributed by a company to its shareholders. The dividend growth is the rate that measures the increase in a dividend given a certain period, typically calculated in the term of one year. The dividend growth is also considered a gauge that may predict the future continuation of the behavior of profits within a company. In that sense, it can influence the current price of a stock and the discount rate as well.

5 0
4 years ago
Maurice can drive or fly from Jacksonville, Florida to Atlanda, Georgia, for a one-day business trip. If he drives, he will be a
ArbitrLikvidat [17]

Answer:

c. $150.

Explanation:

the extra amount of hours Maurice can work taking a flight will be of 5 hours

(8 hours taking a plane against 3 hours if driving)

As the income per hour is 30 dollar it can generate;

5 hours x $30 per hour = $150

Maurice will only travel by plane if it generates the same or more income than the driving thus, a differencial price of less than 150 dollars will provide Maurice with a net gain. Also we should consider that if Maurice drives his car it is taking a depreication hit per mile while driving that is being ignoer to keep the assignment simple. But considering that the amount of differential income could be higher than $150

8 0
3 years ago
Other questions:
  • One major role of firms is to manage risk. Consumers do not want to pay for products of unknown quality or where the delivery da
    11·1 answer
  • In December, McCullum Corporation sold 2,900 units of its only product. Its total sales were $281,300, its total variable expens
    14·1 answer
  • _______ refer to government agencies and industry trade groups that help identify the skills that local employers require and wo
    15·2 answers
  • Which situation is a drawback of e-commerce?
    9·2 answers
  • In an economy with equilibrium prices and quantities, producers are using their resources in a(n) _____ way.
    10·2 answers
  • Gloria, the controller of luna pizza, is purchasing several new delivery vehicles. gloria has numerous work responsibilities, so
    6·1 answer
  • In an attempt to increase sales during a lagging economy, Macy's has increased its advertising and sales promotions for its curr
    13·1 answer
  • On June 30, 2018, Campbell Company’s total current assets were $500,500 and its total current liabilities were $276,500. On July
    7·1 answer
  • Strafford Inc. elected to use the nature of distribution approach for distributions from its equity-method investment purchased
    12·1 answer
  • Which type of externality is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-po
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!