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Mashutka [201]
2 years ago
14

Why is there a difference between interest charged and interest earned? A)Banks are non-profit institutions.B)Banks are profit-m

aking institutions.C)Banks must pay more than they receive.D)There is no difference between interest charged and interest earned.
Business
1 answer:
skelet666 [1.2K]2 years ago
5 0

The correct answer is choice b.

Banks are profit-making institutions. Their purpose is to make a profit for their owners or stockholders. They need to charge more interest on the money that they loan out than what they pay on savings accounts so that there is a profit for them.

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 the answer i got is 2.70
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7 0
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"a promise to your mother to refrain from going to bed later than 11:00 p.m. on a school night is what type of consideration?"
zimovet [89]
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6 0
3 years ago
Drag each label to the correct location on the image.
igor_vitrenko [27]

Answer: HMO: Primary Care Physician, In network only

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8 0
2 years ago
Read 2 more answers
Mill Co.'s trial balance included the following account balances at December 31, Year 6:
o-na [289]

Answer:

D) $45,000

Explanation:

The computation of the amount which is included in the current liability section is shown below:

= Account payable balance + bonds payable -  discount on bonds payable + dividend payable

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The current liability is that liability which is arise for one year. Since, the notes payable is a long term liabilities so we do not consider in the computation part.

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