0
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Rene
ViviAdd your answer:
Earn +20 pts
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
How Islamic bank make profit?
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
What is the Impact of internet banking on bank profit?
Implementing an internet banking system for the bank could be a huge investement for a bank and may impact the banks profit in the year it is implemented. But with the convenience that is offered through an internet banking system the bank is sure to atract new customers and hence in the long term, the internet banking would help the bank boost its profit.
What are responsibilities of a sales bank?
to generate client profit.
What was the primary function of the second national bank?
The primary function of any bank is to make a profit
