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Alex777 [14]
3 years ago
7

The primary source of earnings of commercial banks is income derived from

Business
2 answers:
umka21 [38]3 years ago
5 0

Answer: The correct answer is interest that is receives on money that it has loaned out.

Explanation: The primary source of earnings for commercial banks is income derived from the interest on money that it has loaned out. Banks also earn income from other areas like account fees, but they are not the primary source of earnings.

faust18 [17]3 years ago
4 0

Answer: The primary source of earnings of commercial banks is income derived from the interest collected on loans especially the loans that are extended.

Explanation: When a person borrows money from a bank, the bank makes money off of the interest that they charge to the borrower. Each month when the person makes a payment on their loan, only part of it goes to the principal of the loan and the remainder goes to the bank/lender. When loans are extended, there is more money given to the bank by the borrower.

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Anthony bought a new computer that had an after-market solid-state hard-drive installed. He used the computer for several months
RoseWind [281]

Answer:

A. Engage in two-way interaction between the e-business and the user

Explanation:

5 0
3 years ago
During the current year, Bradford Company purchased some of the 90,000 shares of common stock, par $ 6 , of Hall, Inc., as a lon
jok3333 [9.3K]

It's a long-term investment and the company owns 45% of shares of Hall Inc. Hence the company exercises significant influence over Hall Inc.

The various journal entries on the transaction occured would be  made as under:

No. Account Name                     Debit                                Credit

1. Investment                         1296000  

 Cash                                                                         1296000

     

2. Investment                           97650  

 Investment income

           (217000 x 45%)                                                            97650

     

3. Cash                                       64800  

 Investment (1.60 x 40500)                                                64800

         

The effect on the cash flow statement will be:

Operating activities:  

                                   No effect        0

Investing activities:  

        Purchase of investment -1296000

            Receipt of dividends 64800

The current stock price is also known as the marketplace fee. it's far the fee at which a share of inventory or every other security is ultimately traded. In an open market, the modern charge functions as a baseline . Divide equity by the wide variety of stocks issued. If, say, the company's well worth $10 million and there are 10,000 shares, the share fee of every percentage is $1,000.

Learn more about The share market here:- brainly.com/question/690070

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3 0
2 years ago
An unsecured loan...
labwork [276]

Answer:

is not connected to collateral and, therefore, a higher risk for lenders

Explanation:

Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.

Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.

3 0
3 years ago
Read 2 more answers
An important characteristic of all independent executive agencies is that _____.
Radda [10]
The answer is B - They are headed by one person
5 0
3 years ago
Read 2 more answers
The exchange-rate effect is one of the reasons why the aggregate demand curve is downward sloping.
Tju [1.3M]

Answer:

True.

Explanation:

True, the given statement is right because the exchange rate or price of the currency is inversely related to the demand. when the exchange rate increases that means the price of the currency is increasing and in that case, the demand for the currency falls. If the exchange rate falls or the price of currency falls then demand for the currency rises that indicate the inverse relationship between the exchange rate and the aggregate demand. therefore, the aggregate demand curve is sloping downwards.

5 0
4 years ago
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