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-BARSIC- [3]
2 years ago
15

Samantha is trying to decide where she should place her extra money. She has heard of two types of financial institutions—deposi

tory and non-depository. She isn’t sure what makes them different from one another. How would you explain the main difference between these two institutions?
Depository institutions earn money from what customers put into the institution.


Depository institutions gain money from companies (insurance, mortgage, etc.).


Non-depository institutions earn a profit from the interest paid on loans made to customers.


Non-depository institutions are usually federally insured.
Business
2 answers:
Rom4ik [11]2 years ago
6 0

Answer:

The two types of financial institutions—depository and non-depository

The main difference:

Depository institutions earn money from what customers put into the institution.

Non-depository institutions earn a profit from the interest paid on loans made to customers.

Explanation:

The best way to differentiate a depository institution from a non-depository institution is to compare the two terms.   Whereas a depository institution is a savings bank, legally allowed to accept monetary deposits from consumers (for example, commercial banks, savings and loan associations, or credit unions),  non-depository institutions do not accept monetary deposits from customers (for example insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies), but they all render financial services.

son4ous [18]2 years ago
5 0

Answer:

Non-depository institutions are usually federally insured.

Explanation:

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3 years ago
Perfect Clean, Inc. provides housekeeping services. The following financial data have been provided.
ioda

Answer:

A) $38,650; 48.31%

Explanation:

The computation of the contribution margin and the contribution margin ratio is shown below:

Contribution margin = Service Revenue - Cleaning Supplies Used - wages expense

= $80,000 - $22,000 - $19,350

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And, the contribution margin ratio equals to

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= ($38,650 ÷ $80,000)  × 100

= 48.31%

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3 years ago
Ruby Red manufactures, markets, and distributes citrus flavored soft drinks across the globe. Ruby Red hired a collection agency
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Answer:

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3 years ago
Tayesha wants to find more information about a career in architecture. which resource is most likely to give balanced, accurate
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3 years ago
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WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s
timofeeve [1]

Answer:

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Explanation:

Data given in the question

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3 years ago
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