If you needed to take out a loan, why might you first go to your local bank

Question:

If you needed to take out a loan, why might you first go to your local bank rather than to a finance company?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

See More Books

Question Posted: Nov 09, 2018 12:10 PM

See More Questions

You run a business and are considering offering a new service. If you offer the new service, you expect it to generate $60,000 in profits each year for your business over the next two years. In order...
On March 1, 2019, White Company purchased $400,000 worth of inventory on credit with terms that require payment in 60 days but allow White to take a 1% discount if it pays in 10 days (often quoted as...
On March 1, 2007 the White Company purchased $400,000 worth of inventory on credit with terms of 1/20, n/60. In the past, White has always followed the policy of making payment one month (30 days)...
The General Auditors Office (GAO) of ABC jurisdiction issued a report on the XYZ Electric Cooperative, a large member-owned utility. This report reviewed the work of MNO Consulting. MNO found...
Two parallel wires, each carrying a current of 2.2 A in the same direction, are shown in FIGURE 22-59. Find the direction and magnitude of the net magnetic field at points A, B, and C. 2.2 A 7.5 cm...
A survey by the U.S. Travel Data Center showed that a higher percentage of Americans travel to the ocean/beach for vacation than to any other destination. Much further behind in the survey, and...
How are internal auditing and independent auditing related?
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass...
Graph the function, not by plotting points, but by starting from the graph of y = ex in the figure below. y = e* - 2 + 3 y=3*] y = 2* y=ex x
Brothers Mike and Tim Hargenrater began operations of their tool and die shop (H & H Tool, Inc.) on January 1, 2019. The annual reporting period ends December 31. The trial balance on January 1,...
Why are restrictive provisions a necessary part of insurance policies?
Explain why shares in closed-end mutual funds typically sell for less than the market value of the stocks they hold.
For the 59 observations in the Georgia Student Survey data file on the text CD, the result of regressing college GPA on high school GPA and study time follows. College GPA, high school GPA, and study...
Write an equivalent Java assignment statement for each of these mathematical expressions. A. $v=\frac{49 x^{15}}{y+z}$ B. $s=r \pi \sqrt{r^{2}+h^{2}}$ C. $a=\frac{\sin g}{c}$
In deciding whom to sue, an attorney must assess the assets of each potential defendant. If a potential defendant is not insured and has no assets that can be collected if a judgment is won,...
Who is affected by this problem? According to the client who assigned the analysis, are influential or valued people or groups affected by this problem? Is there a fairness concern relating to this...
Diana Corporation provides the following information for 2017: Calculate the total manufacturing costs incurred in 2017. Beginning inventory of direct materials, 1/1/2017 Purchases of direct...
Donna Corporation manufactures custom cabinets for kitchens. It uses a normalcosting system with two direct-cost categoriesdirect materials and direct manufacturing laborand one indirect-cost pool,...
Describe authentication and authorization. Which depends on the other? How and why are these processes more complex in a networked organization than in an organization that supports all information...
Using (1) or (2), find L(f) if f(t) if equals: t cos 4t
What are the benefits and costs for a bank when it decides to increase the amount of its bank capital?
If a bank is falling short of meeting its capital requirements by $1 million, what three things can it do to rectify the situation?
What are the costs and benefits of a too-big-to-fail policy? Discuss.
Evaluate the challenges and solutions associated with implementing robust error handling and recovery mechanisms in operating systems, particularly in the context of disk I/O operations and system...
Erica, Deana & Tara had average capital balances of $350,000, $380,000 and $400,000 respectively during the current fiscal year. The partnership agreement provides for an allowance of 4% on the...
Retum to quest Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price Variable costs Fixed costs Required: $...

If you needed to take out a loan, why might you first go to your local bank

Question:

Step by Step Answer:

Because interest ...View the full answer

The Economics of Money Banking and Financial Markets

Students also viewed these Business questions