Compare and contrast loan application in bank and nonbanking institutions by using the Venn Diagram below. see
Fantastic news! We've Found the answer you've been seeking!
Question:
Compare and contrast loan application in bank and nonbanking institutions by using the Venn Diagram below. see reference below.
Transcribed Image Text:
What's In www Directions: Compare and contrast loan application in bank and nonbanking institutions by using the Venn Diagram below. List at least 3 functions that they may be similar or different. Write your answers on a separate sheet of paper. Similar Functions Bank 1. 1. 2. 2. 3. 3. Nonbanking Institutions 1. 2. 3. Notes to the Teacher/Facilitator A business should always be cautious in choosing a lending company that it transacts with. Most of the time, people do not engage at loan applications in banks due to the weight of requirements. However, for a businessman who values his business like a family, avoiding requirements does not make him/her wiser in finances. These are the people who usually fall for loan sharks then end up burdened and left with nothing. What's In www Directions: Compare and contrast loan application in bank and nonbanking institutions by using the Venn Diagram below. List at least 3 functions that they may be similar or different. Write your answers on a separate sheet of paper. Similar Functions Bank 1. 1. 2. 2. 3. 3. Nonbanking Institutions 1. 2. 3. Notes to the Teacher/Facilitator A business should always be cautious in choosing a lending company that it transacts with. Most of the time, people do not engage at loan applications in banks due to the weight of requirements. However, for a businessman who values his business like a family, avoiding requirements does not make him/her wiser in finances. These are the people who usually fall for loan sharks then end up burdened and left with nothing.
Expert Answer:
Answer rating: 100% (QA)
Similarities Basic requirements Both banks and nonbanking institutions will require some basic infor... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
s problem introduces you to the computer-aided prob lem (CAP) softwarewhich is at the O n line Learning Center for this textand gets you started with the use of spreadsheet analysis for marketing...
-
Solutions to which of the following categories of modeling techniques indicate a course of action to the decision maker? Group of answer choices Preventive models Predictive models Descriptive models...
-
The cost of a completed job in a job-order costing system typically consists of the actual direct materials cost of the job, the actual direct labor cost of the job, and the manufacturing overhead...
-
Serena is a single-price, profit-maximizing monopolist in the sale of her own patented perfume, whose demand and marginal cost curves are as shown. a. Relative to the consumer surplus that would...
-
Calculate the range for each of the following sets of data: a. \(9,10,13\) b. \(5,3,9,12\) c. \(6,2,8,12,9,5,7\) d. \(8,4,1,6,14,9,12,5,11,7,4\) e....
-
Gerken Fabrication Inc. uses the job order cost system of accounting. The following information was taken from the companys books after all posting had been completed at the end of March: a. Compute...
-
6. Three charges qi, q2 and qs are arranged as shown. The charges are 9.5 C, -1.8C and -5.8 C respectively. What is the force acting on q? (6 marks) 0. 91 0.30 m 0.50 m 92 0.40 m 93
-
A commercial bakery produces 150,000 cakes per month. Of these, 9,800 are partially customized in some way, for example, with the words "Happy Birthday" written across the top, with room for a name...
-
Caleb Corporation has the following information available concerning its postretirement medical benefit plan for 2015. Service cost $40,000 Interest expense 52,400 Interest revenue 26,900
-
Ruth Moore and Carl Nies have to do a class presentation on the pension pronouncement Employee Benefits. In developing the class presentation, they decided to provide the class with a series of...
-
Waterworld Company leased equipment from Costner Company. The lease term is 4 years and requires equal rental payments of \($43\),019 at the beginning of each year. The equipment has a fair value at...
-
Devers Corporation issued 400,000 of 6% bonds on May 1, 2015. The bonds were dated January 1, 2015, and mature January 1, 2017, with interest payable July 1 and January 1. The bonds were issued at...
-
The following information is available for the pension plan of Radcliffe Company for the year 2015. Instructions (a) Compute pension expense for the year 2015. (b) Prepare the journal entry to record...
-
Carpenter Inc. estimates warranty expense at 4% of sales. Sales during the year were $9 million and warranty expenditures were $47,500. What was the balance in the warranty Liability account at the...
-
The figure shows a bolted lap joint that uses SAE grade 8 bolts. The members are made of cold-drawn AISI 1040 steel. Find the safe tensile shear load F that can be applied to this connection if the...
-
Cedar Corporation has an S corporation election in effect. During the 2012 calendar tax year, the corporation had ordinary taxable income of $200,000, and on January 15, 2012, the corporation paid...
-
a. Wilson filed his individual tax return on the original due date, but failed to pay $700 in taxes that were due with the return. If Wilson pays the taxes exactly 2 months late, calculate the amount...
-
Sally hires a maid to work in her home for $250 per month. The maid is 25 years old and not related to Sally. During 2012, the maid worked 10 months for Sally. a. What is the amount of Social...
-
What would be the length of a half-wave antenna for a radio station that emits its signal at \(90.5 \mathrm{MHz}\) ?
-
A sinusoidal electromagnetic wave has a maximum electric field magnitude of \(E_{\max }=500 \mathrm{~N} / \mathrm{C}\). What is the root-mean-square value of the electric field?
-
Full-body scanners at airports are sometimes referred to as millimeter-wave scanners and sometimes as terahertz scanners. Does this make sense?
Study smarter with the SolutionInn App