All categories

3 years ago

The bank pay for the use of money in the form of

Business

1 answer:

Snowcat [4.5K]3 years ago

6 0

Answer:

see below

Explanation:

Banks pay interest on customer deposits. It means that a customer's deposit will grow if left at the banks for some period. When a customer deposits, the bank retains only a small fraction of the money in its custody. The bigger portion is loaned out to other customers. Therefore, a bank uses customer deposits to create loans. In return, the banks will pay customers interest for the use of their deposits. Banks also charge interest when they loan out money.

You might be interested in

I need help with question 1 and 2!!

Mila [183]

Pneumonoultramicroscopicsilicovolcanoconiosis

5 0

3 years ago

If Kindle e-readers and Nook e-readers are substitutes, a higher price for Nooks would result in a(n) ______.

lara31 [8.8K]

Answer: a) increase in the demand for Kindles.

Explanation: the substitution effect for substitute goods gives that, if the price of good A rises, the demand for good B rises. Since a substitute good is a good that can be used in place of another, they are goods that a consumer perceives as similar or are comparable, in such a way that having more of one good causes the consumer to desire less of the other good. From the viewpoint of price, and given that consumers always prefer to spend less in instances where two goods are substitutes, it then means that Kindle can be used and preferred in place of Nooks given that the price of Nooks had gone up. Therefore, increasing the price of Nooks causes a corresponding increase in the demand for Kindles.

3 0

3 years ago

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry arg

Zigmanuir [339]

Answer:

D) it presumes there will be economic gains even if output does not become internationally competitive

Explanation:

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.

4 0

3 years ago

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of

Alexandra [31]

Answer:

Average Collection Period = 57.03

Explanation:

given data

Accounts Receivable beginning = $437,500

Accounts Receivable ending = $500,000

Net credit sales = $3,000,000

to find out

average collection period

solution

we get here first average account receivable that is express as

average account receivable = $\frac{437,500+500,000}{2}$

average account receivable = $468750

and we consider No of Days in a year is = 365

so Average Collection Period will be

Average Collection Period = $\frac{468750}{3000000}$ × 365

Average Collection Period = 57.03

7 0

3 years ago

Which of the following statements regarding quality-control inspections is true? a.Inspection requires product tear down. b.Insp

Nimfa-mama [501]

Answer: The answer is C. Inspection requires both product tear down and product reassembly.

Explanation: The aim of quality-control inspections is to ascertain whether a product has been made according to specifications, and whether there are any defects in the products.

Therefore quality-control inspections will involve product tear down, in order to check the component parts of a product for quality assurance, and product reassembly is carried out after the product tear down to reassemble the products if it is discovered that it meets quality standard.

4 0

3 years ago