The Main Source of Profit for Financial Institutions Is

question 39

Multiple Choice

The main source of profit for financial institutions is

• A) their ownership of stocks in commercial corporations.
• B) their ownership of real assets received in foreclosures on loans to households.
• C) the fees charged for holding and servicing checking accounts.
• D) the difference between interest paid on deposits and interest received on loans.
• E) the difference between the cost of creating new money and the interest paid on loans.

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Definitions:

Conservation

In cognitive development, the understanding that an object retains its properties even when its form or appearance changes.

Qualitatively Different

A term used to describe differences that cannot be measured by numbers alone, often involving distinct categories or types rather than amounts or degrees.

Environmental Influences

Factors outside the individual, such as social, cultural, and physical environments, that affect behaviors, attitudes, and development.

Schemas

Mental structures that an individual uses to organize knowledge and guide cognitive processes and behavior.