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3 years ago

How do banks benefit of giving people loans

2 answers:

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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!

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Great Britain, Denmark, and Sweden have stayed out of the euro zone because of the Multiple Choice dollar peg advocated by some

solong [7]

Answer:

implied loss of national sovereignty to the European Central Bank

Explanation:

Unlike France, that has adopted the Euro as its currency, Great Britain, Denmark and Sweden have all decided to stay out of the Euro zone. This is because accepting the Euro as their currency will mean that the European Central Bank, through the Euro, has power over their economies as a result of exchange.

Also, staying away from the Euro zone means that the European central bank doesn't have control of their monies among other things.

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3 years ago

Bauerly Co. owned 70% of the voting common stock of Devin Co. During 2012, Devin made frequent sales of inventory to Bauerly. Th

kolezko [41]

Answer:

$ $

Net Income (137000*30%) (a) 41,100

Add:

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Unrealized gains at the end of the year 25,000

Difference 15,000

(NCI in Unrealized gain (15,000*30%) (b) 4,500

Non-controlling interest's share of Devin's net income for 2012 ($41,100+$4,500) 45,600

Non-controlling interest's share of Devin's net income for 2012= $45,600

Explanation:

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3 years ago

Trade-offs between the characteristics that make information useful may be necessary or beneficial. Issuance of interim financia

SashulF [63]

Answer:

A- relevance and reliability

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3 years ago

Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2

Nookie1986 [14]

Answer:

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Explanation:

Data provided in the question

Price level = 1.35

According to the given situation, the computation of the new value of the dollar is shown below:-

The New value of the dollar = 1 ÷ Price level

= 1 ÷ 1.35

= 0.74074

= 0.74

Therefore for computing the new value of the dollar we simply applied the above formula.

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3 years ago

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3 years ago