Which best explains what happens to the money that a consumer deposits into a bank account? The bank saves some of the money for independent loans and pays some to the Federal Reserve. The bank pools the money with other district banks allowing the consumer quick and convenient access to funds. The bank pays interest to the consumer and safely keeps all the money in the bank's vault until the consumer needs it. The bank reserves part of the money and uses the rest to make loans to other consumers who need them.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which best explains what happens to the money that a consumer deposits into a bank account? The bank saves some of the money for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Many accounting professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially the case for process manufacturing environments.
Answers (1)
A firm's preferred stock pays a $4.25 dividend per year. Suppose the requred rate of return on the stock is 9%. What is the price of one share of preferred stock? Round to the nearest cent. Do not include the dollar sign in your answer. (i. e.
Answers (1)
In year 1, Stone, a cash basis taxpayer, incorporated her CPA practice. No liabilities were transferred.
Answers (1)
Suppose the risk-free return is 6.6 % and the market portfolio has an expected return of 8.5 % and a standard deviation of 16 %. johnson & johnson corporation stock has a beta of 0.30. what is its expected return
Answers (1)
Tina and her best friend Aaliyah want to start a medical transcriptionist company together. They grew up together and know each other well, but when it comes to business, neither of them want to be held responsible for any negligence or misconduct
Answers (1)
New Questions in Business
Which of the following is a strategy that you can use to protect yourself from the risks involved in owning a home? Pay PMI. Buy a product warranty. Purchase homeowner's insurance. Take advantage of the Truth in Lending Act.
Answers (1)
Sunset Foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations.
Answers (1)
Ignoring issues of the statute of frauds, is there a contract for the sale of vinny's celica?
Answers (1)
The management of Retz Corporation is considering the purchase of a new machine costing $500,000. The company's desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909, 0.826, 0.
Answers (1)
Jane and Ed Rochester are married with a 2-year-old child, who lives with them and whom they support financially.
Answers (1)