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mars1129 [50]
3 years ago
11

What is a bank? How does a bank differ from most other financial-service providers?

Business
1 answer:
Liono4ka [1.6K]3 years ago
6 0

<u><em>SIMPLY: </em></u>

<em>ANSWER</em>:

<u>Though a bank in itself is a financial institution, it differs from other financial institutions by a significant extent. The most prominent difference is the fact that they provide the facility of depositing cash by resorting to savings account―something which the non-banking financial institutions are not entitled to do</u>

<u>Difference between Banks and Financial institutions</u>

<em>It is a tough task to compare the two as there exist several financial institutions, and each of these differ from banks by a significant extent. Differentiating between banks and financial institutions is as good as comparing a deposit-taking financial institution with a non-deposit-taking financial institution. </em>

<em> </em>

<em>If that criteria is taken into consideration both financial set-ups differ from each other on the basis of depositing facility, which is only provided by banking institutions. That’s true to a certain extent, but it is by no means complete. </em>

<em>Even though banks are deposit-taking financial institutions themselves, they can at times differ from other deposit-taking financial institutions. Credit unions, for instance, allow consumers to deposit (or borrow) money, but in order to avail this facility, you need to be a member of the said credit union. </em>

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inysia [295]

Answer:

Option A. $20

Explanation:

Marginal cost be MC, marginal revenue be MR and . We know that

MR = ∆TR ÷ ∆Q

or

MR = (P∆Q+Q∆P) ÷ ∆Q

Here,

P is Profit-maximizing price

or

MR = (P∆Q ÷ ∆Q) + (Q∆P ÷ ∆Q)

or

MR = P + (Q∆P ÷ ∆Q)

we can also write the above equation as

MR = P + P(\frac{Q}{P})(\frac{\Delta P}{\Delta Q})

also,

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or

MR = P + [ P ÷ (PED) ]

We know MR = MC

Therefore,

MC = P +  [ P ÷ (PED) ]

(P − MC) ÷ P = −1 ÷ PED

Substituting the values provided in the question

MC = $10

PED = -2

we get

P = [ PED ÷ (1 + PED)] × MC

P = ( -2 ÷ -1) × 10

or

P =$20

hence,

Option A. $20

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3 years ago
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Answer: See explanation

Explanation:

Your question is not complete. Here is the completed question:

The Treasury bill rate is 6%, and the expected return on the market portfolio is 10%. According to the capital asset pricing model, what is the risk premium?

The risk premium will be the difference between the market portfolio and the treasury bill rate. This will be:

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