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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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Whispering Winds Corp. purchased a delivery truck for $34,000 on January 1, 2022. The truck has an expected salvage value of $5,
Wittaler [7]

Answer: $0.29 per mile

Explanation:

Truck is to be driven for 100,000 miles.

It has a cost of $34,000 and a salvage value of $5,000.

Useful life is 8 years.

Depreciable cost per mile under units-of-activity method = (Cost price - Salvage value) / Miles to be driven

= (34,000 - 5,000) / 100,000

= $0.29 per mile

3 0
3 years ago
The greatest amount of satisfaction comes from which utility?
eimsori [14]

The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer.

<h3>What is the term about?</h3>

A utility maximizer is known to be a person that seeks to get the highest satisfaction or happiness.

Utility is known to be the happiness or benefit consumers gotten from a good's consumption.

Therefore, The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer

Learn more about utility from

brainly.com/question/24922430

#SPJ12

5 0
2 years ago
9 . Implied interest rate and period Consider the case of the following annuities, and the need to compute either their expected
vodomira [7]

Answer:

IRR 6% for Jabob

His friend will need 12 years saving cash to obtain their collegue funds.

Explanation:

We will solve for the rate being the annuity of 3 payment of 800

and the present value 2,138.41

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 800

time 3

PV 2,138.41

rate ?

800 \times \frac{1-(1+x)^{-3} }{x} = 2,138.41\\  

To solve we can use excel, a financial calculator or trial and error

For excel we will do the following:

write the list of cash through the loan life:

-2,138.41

+800

+800

+800

then we write in the empy cell

=IRR(

select the values and press enter

This will give the IRR which is 6%

For the second assignment:

we need to solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C    3,800

time            n  

rate            0.06

PV $31,897

3800 \times \frac{1-(1+0.06)^{-n} }{0.06} = 31,897\\  

 We work out the formula:

(1+0.06)^{-n} = \frac{31,897\times 0.06}{3,800}

Now we solve the right side and apply logarithmic properties

-n = \frac{log0.503636842&#10;}{log1.06}

-n = -11.77128325

n = 11.77

It will take 12 years to obtain their target amount

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3 years ago
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Maslowich
Undifferentiated Marketing, Multi-Segment Targeting, Focus Targeting, and Customized Marketing.

Hope this helps!
5 0
3 years ago
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