Kristi deposits, or invests, her paycheck in a savings account. The bank can then offer some of the money to a borrower in the form of a loan. How can Kristi benefit financially from this relationship?
A)
Kristi can earn interest on her original deposit.
B)
Kristi can feel good that she supported a borrower.
Eliminate
C)
Kristi can choose to invest her money in another bank that doesn't make loans to borrowers.
D)
Kristi can decide to take her money out the savings account before the loan is made to save money.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Kristi deposits, or invests, her paycheck in a savings account. The bank can then offer some of the money to a borrower in the form of a ...” 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
Accounts payable: Select one: a. Are amounts owed to suppliers for products and/or services purchased on credit. b. Are long-term liabilities. c. Are estimated liabilities. d. Do not include specific due dates.
Answers (1)
When standard quantity exceeds actual quantity, the result is a. an unfavorable direct materials quantity variance. b. a favorable direct materials price variance. c. an unfavorable direct materials price variance. d.
Answers (1)
You are the chief financial officer for a firm that sells digital music players. Your firm has the following average-total-cost schedule: Quantity Average Total Cost (Number of players) (Dollars) 600 300 601 301 Your current level of production is
Answers (1)
Gemco Inc., a high-end luxury jewelry manufacturer, has training programs to ensure that its current employees always design and manufacture jewelry in keeping with its high quality standards.
Answers (1)
A machine is purchased on January 1, 2018, for $102,000. It is expected to have a useful life of eight years and a residual value of $11,000. The company closes its books on December 31.
Answers (1)
New Questions in Business
In the United States, only five states currently charge sales tax on purchases.
Answers (1)
A fourminusfirm concentration ratio measures a. the fraction of an industry's sales accounted for by the four largest firms. b. the fraction of employment of the four largest firms in an industry. c. how the four largest firms became so concentrated.
Answers (1)
What agency is in charge of ellis island today?
Answers (2)
Which financial statement shows a company's profits or losses over a period of time?
Answers (1)
Why do companies using a horizontal structure have cultures that emphasize openness, employee empowerment, and responsibility? What do you think a manager's job would be like in a horizontally organized company?
Answers (1)