admin

31.07.2022 - 16:18

What different kinds of services do banks offer the public today? What services do their closest competitors offer?

Question:

What different kinds of services do banks offer the public today? What services do their closest competitors offer?

Answers (1)

Raphael April 2, 2023 в 17:12

Banks offer a wide range of services to the public today, including deposit accounts (e.g. checking, savings, money market), loans (e.g. personal loans, mortgages, business loans), credit cards, investment services (e.g. wealth management, retirement planning, brokerage services), and insurance products (e.g. life insurance, home and auto insurance). Their closest competitors include credit unions, which also offer deposit accounts and loans, but typically with lower fees and interest rates than banks; online banks, which offer similar services as traditional banks but with the convenience of online banking and often higher interest rates on deposit accounts; and fintech companies, which offer innovative financial services such as mobile payment solutions, personal finance management tools, and peer-to-peer lending platforms.

Do you know the answer?

Leave a comment Cancel Response

Not sure about the answer?

Find the right answer to the question What different kinds of services do banks offer the public today? What services do their closest competitors offer? by subject Business, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.

Search for other answers

New questions in the category: Business

Calculate the Debt Ratio given that Total Assets is $1620 and Total Owners’ Equity is $1035. a. 36.11% b. 36.56% c. 37.03% d. 37.4%

A tank of capacity 200 gallons holds 100 gallons of water with 25 pounds of sugar in solution. Pure water is poured into it at a rate of 2 gallons per minute, and the well stirred mixture flows out of this tank at a rate of

List the basic steps in the recording process.

Do independent contractors get overtime pay?

Briefly distinguish between financial and managerial accounting as they relate to (i) the primary users, (ii) the type and frequency of reports, (iii) the purpose of reports, and (iv) the content of reports.

The stock option form of bonus payments to managers usually: a. motivates well even in extended market downturns. b. can lose some motivation because of the delay in reward. c. focuses on the short-term. d. is not consistent with shareholder interests. e.

Describe the difference between an account receivable and an account payable.

We observe a 15% increase in price of Nike shoes, and the price elasticity of demand for Nike shoes is -3. If so, then quantity demanded: a. will decrease by 45%. b. will increase by 45% c. will de

What is scalability in big data?

A person has a $1200 monthly mortgage payment, a $400 monthly car payment, and a $300 monthly student loan payment. Their monthly income is $6000. What is their debt ratio?

Is the work sheet a part of the formal accounting records?

Suppose that a simple economy produces only four goods and services in 2010: shoes, DVDs, tomatoes, and catsup. Assume one-half of the tomatoes are used in making the catsup and the other of tomatoes are purchased by households. A. What is the nominal GDP

Draw a goods and services spectrum, and determine where to place the following products along the spectrum: a nightclub, a new motorcycle, a designer shoe store, an Internet search engine, a new snowboard, and a photography class. Keep in mind that there

Do angler fish live in a pelagic zone?

Explain the circumstances when an employer is obliged to release employee records to a third party.

Explain the effect of sustained overtime on the labor cost per unit of construction production.

Tyrone, a data entry clerk, is paid a basic hourly rate. He receives an extra percentage of his rate when his productivity is above normal. Which incentive plan is most likely used by Tyrone’s employer? A) standard merit pay B) standard hour plan C) strai

A company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based on a cost formula that estimated $135,000 o

Leesburg Bags produces backpacks. The costs and prices for the backpacks follow (Assume the same unit costs in all years): Selling price $23.00 per backpack Variable costs: Production $10.00 per backp

The local pizza restaurant is advertising a special. If you buy one individual sized pizza, you get the next one at 25% off, the third one for 50% off and the fourth one for 75% off. Your marginal ben

Authorization

Password generation