Why are checking accounts no longer the primary source of funds for commercial banks in the United
Question:
Why are checking accounts no longer the primary source of funds for commercial banks in the United States?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Checking accounts have historically been a primary source of funds for commercial banks in the United States due to their ability to attract deposits ...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
Question Posted:
Students also viewed these Business questions
-
Why are checking accounts not an important source of funds for commercial banks in the United States?
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Pop's Recycling Company In April 1991, the owner and manager of Pop's Recycling Company, J. R. Vann, approached the Crewe National Bank (CNB) concerning a loan. This visit to the bank was the second...
-
Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for...
-
1. Why do you suppose that there is a positive relationship between nations' tax rates and the relative size of their underground economies? 2. How do you suppose that differing levels of government...
-
Two engineers, an accountant, and an attorney organized the Hammond Company. The principal business activity is the manufacture and assembly of factory machinery. In addition, the company performs...
-
Express in your own words how we interpret the following measures: a. D-sensitivity, where D represents the denied class in the Loans problem b. False D rate c. Proportion of true Ds d. Proportion of...
-
The King Construction Company began work on a contract in 2007. The contract price is $4,000,000, and the company uses the percentage-of-completion method. Other information relating to the contract...
-
Hrubec Products, Inc, operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow: 324 Selling price...
-
Explain how a bank uses liability management to respond to a deposit outflow. Why do banks prefer liability management to asset management in this circumstance?
-
Based on the following information about Banks A and B, compute for each bank its return on assets (ROA), return on equity (ROE), and leverage ratio. a. Bank A has net profit after taxes of $1.8...
-
Just before Copy-Cat, Incorporated starts the project outlined in Problem 15, the government announces new anticipated inflation numbers. For Japan, the estimate is a higher inflation rate of 5%. For...
-
Everyone at some point has had issues with time management and procrastination in their work life, academic life and social life. How have you been handling time management issues in your life? Have...
-
You want to make three peanut butter and jelly sandwiches. What is the best way to make them that's consistent with an agile mindset? Create a sandwich assembly line, applying all the peanut butter...
-
1 pts Joan Reed exchanges commercial real estate that she owns for other commercial real estate, plus $50,000 cash. The following additional information pertains to this transaction: Property given...
-
It is believed that 86% of Padres fans would have liked Trevor Hoffman to remain in San Diego to finish out his career as a San Diego Padre. You would like to simulate asking 10 Padres fans their...
-
The videos below cover why American higher education, including public colleges and universities, is so expensive. They also explore factors that have resulted in the current student loan debt...
-
Guess the duration of the following investment. Is it less than two years, two to three years, three to four years, or greater than four years? After your guess, use a discount rate of 6 percent and...
-
Using the information in P11-2B, compute the overhead controllable variance and the overhead volume variance. Data From Problem 11-2B: Huang Company uses a standard cost accounting system to account...
-
China is the worlds largest exporter and has a fixed nominal exchange to the U.S. dollar. However, Chinas real exchange rate, which determines the countrys competitiveness, can change even when the...
-
In September 1992, a speculative attack compelled the United Kingdom to devalue the British pound versus the German currency (Deutsche Mark). How did monetary policy in both countries influence this...
-
Explain why giving an independent central bank control over the quantity of money in the economy should reduce the occurrences of periods of extremely high inflation, especially in developing...
-
Suppose the S&P 500 currently has a level of 960. One contract of S&P 500 index futures has a size of $250 S&P 500 index. You wish to hedge an $800,000-portfolio that has a beta of 1.2. (A)In order...
-
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during...
-
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increased by 5 percent annually....
Study smarter with the SolutionInn App