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Credit unions differ from banks because they don't do what?
Seek to make profits
Disadvantages and advantages of merging banks?
One advantage of merging banks is that the banks share the risk of their money ventures. One of the disadvantages of merging them is that they share the profits of any venture.
What do banks with some of the profits they make by loaning out the money?
pay interest on savings accounts
What do banks do with some of the profits they make loaning out the money in their customers saving accounts?
pay interest on savings accounts
How are credit unions different from normal commercial banks?
All of the profits in Credit Unions are returned to members (everyone with a share account) in lower rates on loans and higher rates on dividen balances. Credit Union get 7-8% of their income from fees, whereas commercial banks average fee income is 40-50%. Commercial banks profits go to their investors/share holders.
Credit unions differ from banks because they don't do what?
Seek to make profits
What are undivided profits?
Undivided profits is a term that refers to corporate earnings that have gathered over a period of time. For banks, the term means retained earnings.
Disadvantages and advantages of merging banks?
One advantage of merging banks is that the banks share the risk of their money ventures. One of the disadvantages of merging them is that they share the profits of any venture.
What do banks with some of the profits they make by loaning out the money?
pay interest on savings accounts
Which of the following most accurately describes what banks do with their excess reserves?
Banks use excess reserves to make loans to customers so that they can make profits on the interest.
What do banks do with some of the profits they make loaning out the money in their customers saving accounts?
pay interest on savings accounts
How are credit unions different from normal commercial banks?
All of the profits in Credit Unions are returned to members (everyone with a share account) in lower rates on loans and higher rates on dividen balances. Credit Union get 7-8% of their income from fees, whereas commercial banks average fee income is 40-50%. Commercial banks profits go to their investors/share holders.
Why PayPal is not work in Georgia?
If PayPal will enter at Georgian market, Georgian banks would lose profits, so they are in opposition
What do banks pay with some of the profits they make by loaning out the money in their customers savings accounts?
Banks typically use some of the profits generated from loaning out money from customers' savings accounts to pay interest to those customers. Additionally, they cover operational costs, invest in technology and infrastructure, and contribute to reserves required by regulators. The remaining profits generally go to shareholders in the form of dividends or are reinvested into the bank for growth and expansion.
How do banks make money on mortgages and what are the key strategies they use to generate profits from this financial product?
Banks make money on mortgages by charging interest on the loans they provide to borrowers. They also earn fees for services like loan origination and servicing. Key strategies banks use to generate profits from mortgages include managing interest rate risk, diversifying their loan portfolios, and securitizing mortgages to sell to investors.
Can banks invest in mutual funds?
They can invest their own income/profits in a mutual fund but they cannot invest the depositors money in a mutual fund
Do banks trade forex as part of their financial operations?
Yes, banks often trade forex as part of their financial operations to manage currency risks, facilitate international trade, and generate profits through currency trading.
