Question

Why do banks exist in an economic standpoint?

Why do banks exist in an economic standpoint?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Bank's actually exist in a country or the state because of the fact that they needed a secure place where the wealth can actually be stored unaided people by actually giving loans from a particular portion of the deposits that are made to this banks and get to charge interest from these loans and earn money and pay a part of interest to the people who make deposit and the net earnings remain with the bank itself for its prosperous economic growth and that is the reason why bank's actually exist in economic standpoint on the whole

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What are the functions of money? Why do banks exist? What does the Federal Reserve do?...
What are the functions of money? Why do banks exist? What does the Federal Reserve do? What is the maximum extent that the money supply changes when the Federal Reserve instigates a monetary policy action? (short answer) Explain the features of the federal deposit insurance. (short answer)
Please describe in detail why the minimum wage should not be raised from an economic standpoint.
Please describe in detail why the minimum wage should not be raised from an economic standpoint.
What types of economic trade-offs exist in our lives. Why do trade-offs exist? Use a real...
What types of economic trade-offs exist in our lives. Why do trade-offs exist? Use a real world example (not in the text) to support your answer. What are common mistakes made with economic analysis? Use a real world example (not in the text) to support your answer.
Do you think an economic system can exist without manufacturing of goods? Explain.
Do you think an economic system can exist without manufacturing of goods? Explain.
As economic conditions change, how do banks adjust their asset portfolio? Research and provide some examples.
As economic conditions change, how do banks adjust their asset portfolio? Research and provide some examples.
Do you think that the Burmese (Myanmar) will ever trust the banks? Why or why not?
Do you think that the Burmese (Myanmar) will ever trust the banks? Why or why not?
Why do banks buy Treasury bonds? a. Banks want to efficiently use their deposits. b. Buying...
Why do banks buy Treasury bonds? a. Banks want to efficiently use their deposits. b. Buying Treasury bonds is a core function of banks c. The Volcker Rule actually prohibits banks from buying Treasury bonds. d. Banks are required to hold a certain percentage of assets in Treasury bonds.
If there is a net loss to society from tariffs, why do tariffs exist?
If there is a net loss to society from tariffs, why do tariffs exist?
why do you think gender and ethnicity differences for stroke exist
why do you think gender and ethnicity differences for stroke exist
What is interest-rate risk? Why do banks face a significant amount of interest-rate risk? How do...
What is interest-rate risk? Why do banks face a significant amount of interest-rate risk? How do banks manage interest-rate risk?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT