Ask Question
BusinessBusiness
22 December, 02:29

The primary source of earnings of commercial banks is income derived from

+5
Answers (2)
  1. 22 December, 03:06
    0
    Answer: The correct answer is interest that is receives on money that it has loaned out.

    Explanation: The primary source of earnings for commercial banks is income derived from the interest on money that it has loaned out. Banks also earn income from other areas like account fees, but they are not the primary source of earnings.
  2. 22 December, 05:44
    0
    Answer: The primary source of earnings of commercial banks is income derived from the interest collected on loans especially the loans that are extended.

    Explanation: When a person borrows money from a bank, the bank makes money off of the interest that they charge to the borrower. Each month when the person makes a payment on their loan, only part of it goes to the principal of the loan and the remainder goes to the bank/lender. When loans are extended, there is more money given to the bank by the borrower.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The primary source of earnings of commercial banks is income derived from ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If a person in custody is to be subjected to interrogation, he or she must first be informed in clear and unequivocal terms that he or she has the right to remain silent. buissness law
Answers (1)
A trial balance has total debits of $197,900 and total credits of $199700. which account may contain a transposition error
Answers (1)
Suppose equilibrium savings equals $750 billion, and equilibrium GDP equals $3,500 billion. Investment spending rises to $900 billion, and equilibrium level of real GDP increases by $500 billion.
Answers (1)
Pursuant to a plan of reorganization adopted in the current year, Summit Corporation exchanged 1,000 shares of its common stock and paid $40,000 cash for Hansen Corporation's assets with an adjusted basis of $200,000 (fair market value of $300,000)
Answers (1)
Which statement regarding competitive advantages is true? Select one: a. With an overall cost leadership strategy, firms need not be concerned with parity on differentiation. b.
Answers (1)
New Questions in Business
Which of the following is the best example of a perfectly competitive industry? a. wheat productionb. electricity productionc. steel productiond. airplane production
Answers (1)
Assume that we use a perpetual inventory system and that five identical units are purchased separately at the following four dates and costs: April 5 at $10, April 10 at $12, April 15 at $14, and April 20 at $16 April 20 $17.
Answers (1)
In Section 7, the word warranty is best defined as A) a contract between USATestPrep and its Customers. B) a guarantee of any part of the site and its contents. C) a pledge of Customer service if anything goes wrong with the site.
Answers (2)
A (n) is the issuer's written promise to pay an amount equaling the par value. The par value is paid at a specified future date. Most often, the issuer is required to make semiannual interest payments.
Answers (1)
The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.
Answers (1)
Home » Business » The primary source of earnings of commercial banks is income derived from
Sign Up Forgot Password?