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Ahat [919]
3 years ago
12

Banks primarily use the money in savings accounts to

Business
1 answer:
slamgirl [31]3 years ago
7 0

Answer:

provide loans to consumers.

Explanation:

Banks use the money savings accounts to issue loans to customers. The loans issued become assets to the banks.  A Bank make profits by charging higher interest on the loans than the interests they offer on savings. The interest charged on loans is the main source of revenue for the banks.

Banks loan out to businesses and households to finance investments and consumption. Savings accounts become a pool to collect funds that businesses can borrow to finance their expansion. Individuals also borrow for consumption and personal development

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Firms may invest in fewer projects as a result of A. an increase in interest rates that increase economic growth. B. an increase
kupik [55]

Answer: B. an increase in interest rates that decrease economic growth.

Explanation:

If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.

Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.

7 0
3 years ago
A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the
Ivanshal [37]

Answer:

Income statement

Explanation:

3 0
3 years ago
What is the interest rate for an initial investment of $100,000 to grow to $300,000 in 10 years?
Alex

The interest would be 11.61232% to be exact.

3 0
3 years ago
Read 2 more answers
Kimberly is 7 years old. She asks her mother to buy her clothes at the start of the new academic year. However, her mother tells
baherus [9]

Answer:

5 to 7

Explanation:

Middle and Late Childhood

This is said to occur between children of 7 and 12 years old. In this stage, years, children grow taller, heavier, stronger and has more physical skills and new cognitive skills. There are some changes to children's social and emotional lives in this stage as well as changes in parent and peer relationships.

The Physical development in middle and late childhood in terms of body and growth and change.

During this period of middle and late childhood, children develop slow, consistent growth. In elementary school years, it is said that children grow an average of 2 to 3 inches a year and gain about 5-7 pounds a year during middle and late childhood. Muscle mass and strength also increases in the children at this stage of growth.

8 0
3 years ago
The job-specific knowledge you need to perform well in a specialized field, known as _______ skills, appear to be most important
agasfer [191]
The answer is technical skills
5 0
2 years ago
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