Banks earn profit by
A. borrowing from depositors at a lower interest rate, and lending those funds at a higher interest rate.
B. reducing the service charges for safety vaults and ATM facilities.
C. lending more loans to non-risky business firms.
D. reducing the amount of transaction deposits.
Answer: A
You might also like to view...
Miriam makes an oral agreement with John to sell him 200 acres of prime farmland for a mere $500. Their agreement is:
A. enforceable only if promissory estoppel applies. B. covered by the statute of limitations. C. unenforceable as real estate contracts need to be in writing. D. enforceable and not voidable in accordance with the statute of frauds.
Commodity IT assets easily acquired in the marketplace and should be outsourced under the core competency theory
Indicate whether the statement is true or false
You want to show total U.S. auto sales in each year since 2005; the data could be illustrated using either a pictogram or a bar chart
Indicate whether the statement is true or false
A functional résumé focuses on job duties performed rather than a chronological job history
Indicate whether the statement is true or false.