Describe the three ways that banks normally earn revenue
What will be an ideal response?
(1 ) By collecting fees from stores when depositors use their debit cards for purchases, (2 ) by charging overdraft fees when depositors have insufficient funds in their accounts to cover the checks they write, and (3 ) by collecting fees when depositors take out loans or purchase mutual funds or other financial products.
Economics
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The figure above shows the market for airline tickets. In early 2008 firms negotiated lower wages with their workers. This change is shown in the figure as a shift from
A) D0 to D1. B) D1 to D0. C) S0 to S1. D) S1 to S0.
Economics
Questions about employment history on a loan application are used to prevent
A) moral hazard. B) adverse selection. C) market signaling. D) risk aversion.
Economics