How do commercial banks make money?
What will be an ideal response?
Answer: Commercial banks make money in three ways: (1) by charging interest on loans, (2) by charging fees for other services, and (3) by offering other financial products.
Explanation: Commercial banks make money in three ways: (1) by charging interest on loans, (2) by charging fees for other services, and (3) by offering other financial products.
You might also like to view...
The maker of a note recognizes a note payable on the balance sheet and interest expense on its income statement
a. True b. False Indicate whether the statement is true or false
Which of the following product life cycle stages is most susceptible to changes in the market
environment, such as new legislation? A) introduction stage B) growth stage C) maturity stage D) decline stage
Under the CISG, if the buyer fails to perform any obligations, the seller may:
A) set an additional period of time of reasonable length for performance. B) require the buyer to pay the price. C) receive damages. D) All of these.
Why might performance management systems be preferred to the performance appraisal system?
What will be an ideal response?