The main advantage banking services offer is A. your name on a check. B. credit cards. C. payday loans. D. ease of financial management.

Answers

Answer 1

A: They have to do this, but any printer could do it for you. A is not the answer.

B: Actually I don't think banks should be in the credit card business. There is too much risk. They are I know.

C: Banks don't do payday loans unless the person infrequently makes them, has a good credit rating and intends to pay it back very shortly. Under these conditions, C is not the answer.

D: I would pick D, but B is a possible answer. Bank statements are up to date and accurate mostly done by computers. If D is not right then choose B.

Answer 2

Answer:

D) ease of financial management.

Explanation:

Imagine that you have saved $20,000 and banks do not exist. What do you do with your money? You can hide it somewhere or decide to spend it all. If you think it is a good idea to loan to someone else and earn interest, you will need to find a reliable someone that will effectively pay you interests and return the money eventually. Or if you need to borrow money, you would have to go around asking all your friends and relatives if they can lend you some. Life without banks would really be complicated.

Banks make your life simpler and they help you manage your finances.


Related Questions

The statement, "I have always wanted to work for your company," demonstrates how an applicant can benefit the employer. Please select the best answer from the choices provided T F

Answers

This statement is false. "I have always wanted to work for your company" does not provide any details as to how the future employee will bring anything to the table that will benefit the employer.

Answer:

false

Explanation:

false

Don is overwhelmed in his leadership role at work. there are a number of important projects going​ on, all of which have deadlines. don was also recently asked to mentor a new younger employee at work and help them understand the culture and get up to speed. although reluctant to spend his already short time on this​ function, why might don want to spend time​ mentoring?

Answers

Mentoring increases the ability for transformational leadership, where the head person is more involved in the operations and can help identify and fix problems from the start, transforming the work product and the team.

Final answer:

Don might find mentoring beneficial as it can be rewarding, fosters leadership skills, and improves job performance and retention. Additionally, it may provide a break from routine project pressures, aligns with organizational values of initiative, and could lead to greater professional advancement.

Explanation:

Don may want to spend time mentoring a new younger employee despite his overwhelming schedule for a number of reasons. Firstly, the act of mentoring can be a rewarding experience, fostering leadership skills and satisfaction in helping others grow. Mentoring can also serve as an informal training process where Don can ensure the new hire understands the company's culture and expectations, which could lead to improved job performance and retention. Additionally, being seen as a proactive mentor may boost Don's credibility and could reflect positively on him, both in the eyes of his peers and his superiors.

Moreover, while work overload is common, and staff may experience burnout or "research fatigue," balancing mentoring with ongoing projects could actually help alleviate these feelings for Don. Engaging in a different type of work activity, such as mentoring, might provide him with a refreshing break from the routine pressure of projects and deadlines.

Finally, mentoring aligns with the notion of being resourceful and contributing to areas that are a priority for the organization. Since organizations appreciate employees who take initiative and show a willingness to go above and beyond, Don's willingness to support a new colleague could exemplify his dedication to the team and company's mission, potentially creating opportunities for professional advancement.

"When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly."
This statement
A. is an assertion that capital is subject to increasing returns. B. is made under the assumption that the quantities of human capital, natural resources, and technology are being held constant. C. represents an unconventional view of the production process. D. All of the above are correct.

Answers

B. is made under the assumption that the quantities of human capital, natural resources, and technology are being held constant.

This is an example of the diminishing rate of returns, which says that increase in output is capped at a certain level and putting more resources in will lead to lower and lower marginal outputs, assuming other factors are held constant. The diminishing rate of returns is a conventional/traditional view of production, not an unconventional one.

D. All of the above are correct. All of these sentences are correct in regards to the statement. A capital increase is the increase of equity that a company has.

This statement is an assertion that capital is subject to increasing returns, is made under the assumption that the quantities of human capital, natural resources, and technology are being held constant. This statement also represents an unconventional view of the production process. When there is an increase in the capital, productivity slightly increases to accommodate for the increase in items that need to be completed.

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