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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Last year Urbana Corp. had $197,500 of assets, $307,500 of sales, $19,575 of net income, and a debt-to-total-assets ratio of 37.5%. The new CFO believes a new computer program will enable it to reduce costs and thus raise net income to $33,000.
Answers (1)
Service firms have found that joint ventures with local partners are often politically more acceptable because they:
Answers (1)
Which of the following explains why the marginal utility on frozen popsicles is greater than on a 2-for-1 sundae special at the fair? The price of the popsicles is a better deal. The popsicles can be stored and eaten later.
Answers (1)
What does the letter ârâ represent in the s. p. i. d. e. r. method?
Answers (1)
Late in the semester, a friend tells you, "I was going to drop my psychology course so I could concentrate on my other courses, but I had already put so much time into the course I decided not to drop it.
Answers (1)
New Questions in Business
Railway Cabooses just paid its annual dividend of $3.90 per share. The company has been reducing the dividends by 12.4 percent each year.
Answers (1)
It's important to know whether you've paraphrased and cited source material for your paper correctly so you avoid plagiarism. Read the original quote below and the two attempts to paraphrase it.
Answers (1)
If the inflation rate increases faster than their income. True or False
Answers (1)
Which type of wan connection is not shared with other users and has continuously available communications channels?
Answers (1)
The Hondasaki Motorcycle Company has a normal two-stage absorption job-order costing system. They close over - or under-applied overhead directly into Cost of Goods Sold, and use expected production as their activity base.
Answers (1)