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
alukav5142 [94]
3 years ago
10

Write the function of commercial bank in points.(don't copy)​

Business
1 answer:
solmaris [256]3 years ago
8 0

Explanation:

Functions of Commercial Bank:

1=Acceptance of deposits from public.

*Demand deposits.

*Fixed deposits.

*Saving deposits.

2=Advancing of loans.

*Direct loans.

*Money at call.

*Overdraft.

*Discounting bills of exchange.

if you want to know more u can ask me.

You might be interested in
ILL GIVE BRAINLIEST Jessie has been renting for several years and although many of his friends have purchased a home, Jessie bel
stepladder [879]

Answer:

B and D

Explanation:

5 0
3 years ago
Read 2 more answers
How would you describe the savings rate in america compared with other industrialized countries?
Natasha_Volkova [10]
United States’ savings rate is only around 10%, much lower than any other countries. There's some reasoning behind it. In fact, countries with the highest savings rates weren’t necessarily the countries with the highest GDPs. GDP os US is $56,300 per capita but their household savings rate of just 4.9%. Also, in Hungary their GDP is $26,000 while their savings rate of 9.0%. This implies that the money they have isn't place on one nest only or put to savings, rather allocated to a much more important sectors. We should not forget taking into account their purchasing power parity, the rate a currency would have to be converted into another to buy the same amount of goods and services of the country. 
6 0
3 years ago
What is local technology?
kirill [66]
In networks, local refers to files, devices, and other resources at your workstation. Resources located at other nodes on the networks are remote.
3 0
3 years ago
Adong's Fishing Products is analyzing the performance of its cash management. On average, the firm holds inventory for 65 days,
tatuchka [14]

Answer:

A. $45

B. $80

C. $8,167

Explanation:

(a) Calculation to determine the firm's cash conversion cycle

Cash conversion cycle=$65 +$15 – $35

Cash conversion cycle=$45

Therefore the firm's cash conversion cycle is $45

(b) Calculation to determine the firm's operating cycle

Operating cycle =$65 +$15

Operating cycle=$80

Therefore the firm's operating cycle is $80

(c) Calculation to determine the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days

First step is to calculate the Daily expenditure

Daily expenditure =$1,960,000/360

Daily expenditure=$5,444.44

Now let determine the Annual savings

Annual savings =$5,444.44 *15*0.10

Annual savings=$8,167

Therefore the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days will be $8,167

5 0
3 years ago
Bale Co. incurred $100,000 of acquisition costs related to the purchase of the net assets of Dixon Co. The $100,000 should be: A
Olin [163]

Answer:

D. Expensed as incurred in the current period.

Explanation:

Since in the question it is given that the acquisition cost incurred for $100,000 which is related to the purchase of the net assets

And, the same $100,000 is reported as an expenses incurred for the current period as other cost like professional fees, consulting fees, general administrative cost expenses, etc are recorded when they are incurred

Hence, the last option is correct

4 0
3 years ago
Other questions:
  • Which is an example of a cultural block
    5·1 answer
  • MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of additional costs in comparison to th
    7·1 answer
  • What happens to price in normal backwardation?
    11·1 answer
  • The function of media advertising is to support the economy, provide information about products, and underwrite media costs asso
    5·1 answer
  • Wire enterprises reported sales revenue totaling $560,000, $670,000 and $1,675,000 in the years, 2014, 2015, and 2016, respectiv
    10·1 answer
  • When banks make loans, they put more money into the economy. This increases the _____.
    8·1 answer
  • Evaluating employee performance helps with all of the following EXCEPT which of the
    5·1 answer
  • Forty-two percent of federal revenue comes from . income taxes paid by businesses and corporations make up about of federal reve
    9·2 answers
  • As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is imported has
    12·1 answer
  • Market supply is found by Group of answer choices horizontally summing the relevant part of each individual producer's marginal
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!