Explain Why Non-Transactions Accounts Have Become a More Important Source

question 86

Essay

Explain why non-transactions accounts have become a more important source of funds for the bank than transaction accounts over the past thirty years?

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Definitions:

Disposable Income

The financial resources that households have at their disposal for spending and saving after income tax deductions.

Savings

Money set aside for future use rather than spending immediately, often in accounts designed for long-term growth or security.

Disposable Income

Post-tax income households possess for saving or spending purposes.

Disposable Income

Disposable income refers to the sum of money that families can use for expenditures and savings once income taxes are deducted.