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3 years ago

Match the financial institutions with the features.

Business

1 answer:

tensa zangetsu [6.8K]3 years ago

4 0

Answer:

Commercial Bank > Offers checking accounts

Financial service company > Offers high-risk loans

Savings and loan association > Provides home mortgages

Credit union > Is owned by its members

Explanation:

1. Commercial Bank > Offers checking accounts

Commercial bank is a financial organization which accepts deposits, offers varieties of products including checking accounts, and provides loans to the public and enterprises.

2. Financial service company > Offers high-risk loans

When a company looks to develop economic growth through the use of money supply from the savings accounts of people, and offers risky loans, that company is said to be a financial service company.

3. Savings and loan association > Provides home mortgages

When an institution acts like a bank by not being a banking institution, and provides mortgages, it is coined as savings and loan association.

4. Credit union > Is owned by its members

Member-based financially operated organizations which helps people to provide financial services like non-risky loans and deposits, that is termed as credit union.

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Answer: $11564

Explanation:

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Also, the May through October is 4.5 cents per kilowatt-hour for energy.

The August electric bill will then be:

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2 years ago

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Answer:

$22,000

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2 years ago

Coronado Company had the following department information for the month: Total materials costs $55000 Equivalent units of materi

aniked [119]

Answer:

10.9 per unit

Explanation:

Total manufacturing cost per unit= Material cost per unit + Conversion cost per unit

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3 years ago

Jim saw a decrease in the quantity demanded for his firm’s product from 8000 to 6000 units a week when he raised the price of

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Answer:

The demand for Jim’s product is elastic

Explanation:

In this question, we are to calculate the price elasticity of demand for the product.

We proceed as follows;

The formula for calculating elasticity of demand is

e = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Here, Q2 = 6000

Q1 = 8000

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P1 = $200

e = [(6000 - 8000) / {(8000 + 6000) / 2}] / [($250 - $200) / {($200 + $250) / 2}]

e = [(- 2000) / 7000] / [(50 / 225]

e = - 1.3

That means absolute value of e is 1.3.

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2 years ago

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