Why would banks pay higher interest on money left on deposit for longer periods of time (e.g.,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Banks pay higher interest on CDs because they want people to ma...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Business
ISBN: 978-0324829556
10th Edition
Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor
Question Posted:
Students also viewed these Accounting questions
-
Banks earn money by borrowing from depositors at low interest rates and lending to individuals and businesses at high interest rates. As banks grow, they split into functional divisions that either...
-
Why is ROE generally much higher than ROA for banks relative to other industries?
-
Why is there a higher percentage of banks with less than $25 million of assets among commercial banks than among saving and loans and mutual saving banks?
-
What are the "two main lines" of distortion of the view of Marx and what does Lenin think the proper view?
-
Considering that the GI tract consists of layers of muscles (see Fig. 8.2), why might exercise help control GERD? The layers of the gastrointestinal tract wall. The wall of the gastrointestinal tract...
-
See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. Use the data from the balance sheet and cash flow statement in 2019 to determine the following: a. How much cash...
-
A gas engine working on Otto cycle has a cylinder of diameter \(220 \mathrm{~mm}\) and stroke \(300 \mathrm{~mm}\). The clearance volume is \(1600 \mathrm{cc}\). Find the air-standard efficiency....
-
If grooming a talented individual for a leadership role is an important outcome of a foreign assignment, how can this be worked into a performance appraisal system? How would a manager assess...
-
What are the two most interesting guidelines that relate to a strategic planning team formulating a vision of success? Why did you find these two interesting? What are the desired outcomes of an...
-
Julian Hudson is a young entrepreneur. He recently opened an "all ages" club aimed at teens and young adults. Given the intended customers, the club cannot sell alcohol and, to guard against drug...
-
Why does the Fed use indirect means of controlling the money supply instead of simply printing more money or removing money from circulation when necessary?
-
How could an individual get in financial trouble by using a credit card? If you were in trouble because of credit-card debt, what steps could you take to reduce your debts?
-
Donovan is painting the exterior of his house. The instructions on the paint can indicate that 1 gal covers from 250 to 400 ft 2 . The total surface of the house to be painted is 2750 ft 2 ....
-
Apparent and actual authority are concepts applied in what areas of law? explain
-
What is an earned value management measure that forecasts the amount of budget deficit or surplus?
-
Can you elucidate the role of endocrine hormones in regulating bone metabolism and calcium homeostasis, including the actions of parathyroid hormone (PTH), calcitonin, and vitamin D, and how do...
-
discuss the mechanisms of energy transfer and biomass accumulation along food chains, including trophic efficiencies, ecological pyramids, and the transfer of energy between trophic levels, and how...
-
discuss the role of ecosystem-based management and conservation strategies in maintaining the integrity and resilience of food chains and food webs, including habitat restoration, protected area...
-
Using a visitor, compute the average value of the elements in a binary tree filled with Integer objects.
-
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
-
Describe achievement motivation, and distinguish among learning, performance, and avoidance goal orientations.
-
Sportique Boutique reported the following financial data for 2012 and 2011. Instructions(a) Calculate the current ratio for Sportique Boutique for 2012 and 2011.(b) Suppose that at the end of 2012,...
-
Sportique Boutique reported the following financial data for 2012 and 2011. Instructions(a) Calculate the current ratio for Sportique Boutique for 2012 and 2011.(b) Suppose that at the end of 2012,...
-
A large retailer was sued nearly 5,000 times in a recent yearabout once every two hours every day of the year. It has been sued for everything imaginableranging from falls on icy parking lots to...
-
AA stock price is $45/share. The stock is expected to pay dividends $2.50 in the coming year. After reviewing all information, you concluded: the price one year from now will be $50/share and you...
-
Fung is planning for the correct after tax and after inflation real rate of return to use. If inflation will be 1.3%, the average rate of return on his investments will be 4.9%, and the tax rate on...
-
In a three - level marketing channel, how many entities ( organization / individual ) are connected?
Study smarter with the SolutionInn App