1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
an apartment building that sold for $780,000 had a monthly gross income of $8,000. what is its monthly gross rent multiplier?
notka56 [123]

97.5

$780,000 ÷ $8,000 = 97.5 GRM

GRM means the Grievance Redress Mechanism prepared as could also be agreed between the Parties for the aim of resolving gross rent social issues or grievances arising out of or in reference to the Project Framework Documents.

In order to work out the gross rent multiplier, you'd divide the value of the property by its gross income. As an example, if a property is selling for $5,000,000 and it produces a Gross income of $820,000, the GRM would be $5,000,000 divided by $820,000 which ends during a value of 6.09.

Global Response Management (GRM) may be a veteran-led international medical NGO registered within the u. s. as a 501(c)(3) organization. A "good" GRM depends heavily on the kind of rental market within which your property exists.

A percent defined because the monthly expected rent for a property divided by terms of the property. The lower the rent to value ratio, the higher an investment. A perfect rent to value ratio is 0.7%, and 1% or higher is great.

learn more about gross rent: brainly.com/question/14421244

#SPJ4

5 0
2 years ago
Continuous quality improvement depends heavily upon: Select one:
SCORPION-xisa [38]

Answer:

The correct answer is letter "D": employment of the PDCA cycle.

Explanation:

American statistic Edwards Deming (<em>1900-1993</em>) proposed the Plan-Do-Check-Act (<em>PDCA</em>) or Deming's cycle which is a strategy based on continuous quality improvement within a business in four (4) steps. This approach can also be applied when starting a new business or when a change in a firm must be implemented.

6 0
4 years ago
Word processing software allows users to do
julsineya [31]
Word processing software allows people to do many many things! You can create data heavy pieces of text, attach charts, add nice colourful shapes, and even include table sets of data. 

Software such as Microsoft Word will allow you to do all of this, and more. You can format text, stylise text, design a document, add in datasets, etc. All of these capabilities allow you to have a full range of abilities in order to create a beautiful, great informative document. =)
5 0
3 years ago
Nini, a police officer, wants to search the offices of Operational Business Corporation. She asks Judge Pearl to issue a warrant
Triss [41]

Answer:

B. Probable Cause

Explanation:

In law, probable cause refers to the believe on reasonable grounds that an individual or a group of persons have committed a crime. Courts only finds probable cause when there are reasonable basis on which accusations are formed. It is the requirement in criminal law that police have adequate reason to arrest someone, conduct a search, or seize property relating to an alleged crime. The only way a warrant can be issued from Judge Pearl to Officer Nini is if Nini is able to find probable cause that Operational business corporation is committing or have committed a crime.

5 0
3 years ago
What groups are working on solving road rage
denpristay [2]
<span>The YARR stands for Youth- Against -Road -Rage -Organization.</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • Complete the statements regarding types of economies
    6·1 answer
  • Fred is clearing checks at the bank. One check comes through without the amount written in numerical form. The amount is written
    15·1 answer
  • One of the main advantages of e-marketing is _
    13·2 answers
  • Why did thousands of russians citizens march on st. petersburg in 1905?
    15·1 answer
  • Sergey Brin and Larry Page are the founders of Google. Most would agree that they have a superb product, but in order to grow, t
    13·1 answer
  • Sean Davis is the owner, president, and primary salesperson for Davis Manufacturing. Because of this, the company's profits are
    6·1 answer
  • Reinforcement ads are reminder ads that:
    6·1 answer
  • If current market interest rates rise, what will happen to the value of outstanding bonds?
    7·1 answer
  • Assume the company is considering a reduction in the selling price by $10 per unit and an increase in advertising budget by $5,0
    6·1 answer
  • Which of the following options strategies would be best for an investor interested in maintaining his long position in the marke
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!