Question and answer
What are the major categories of financial services?
Financial services are basically deal with merchant banks, credit card companies, consumer finance companies, stock brokerages or with the management of money. [ In the term of earning, financial services are the largest industry in the world that represents 20 percent of the market capitalization.Two types of approaches: Two different types of appraoches which companies usually prefer. In the
first approach, bank buys an insurance company or an investment bank, adds the acquisition to its holding company to diversify its earnings and also keeps the original brands of the aquired firm. This type is essential for the Citigroup as well as JP Morgan Chase. On the other hand, a bank attempts to sell the products to its existing customers, with incentives for combining all things with one company by creating its own brokerage division or insurance division. ]
Expert answered|badgerpoe|Points 2155|
Question|Rated good
Asked 8/11/2011 6:14:23 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
How do the entries affect account balances and why both debit and credit entries can increase or decrease an account balance?
Weegy: More than two accounts may be affected by the same transaction. A transaction for ?100 can be recorded as a ?100 debit in one account and as multiple credits that total ?100 in other accounts. Example I owe creditors A and B ?100 each. [ Thus my liability account for Creditor A has a credit balance of ?100 and the same for Creditor B. I pay them off from my bank checking account, which from my point of view is an asset. I withdraw ?200 from my bank account and split it to pay off the two liabilities. In my records, "Bank" is one account, "Creditor A" is another account, and "Creditor B" is a third account. The following transactions affect all three ledger accounts: Dr: Creditor A (100) Dr: Creditor B (100) Cr: Bank (200) ] User: Discuss the differences between the general journal and the general ledger. User: Discuss the differences between the general journal and the general ledger. What is the purpose of having both in an accounting system? Weegy: try here (More)
Question
Expert Answered
Asked 8/11/2011 5:28:00 PM
0 Answers/Comments
What financial services are available through electronic banking systems?
Weegy: E-banking and financial services refers to systems that enable banks and financial institutions’ customers to access accounts and general information on bank and financial products and services through a personal computer (PC) or other intelligent [ device. Ebanking products and services can include wholesale products for corporate customers as well as retail and financial products for consumers. Ultimately, the products and services obtained through e- banking may mirror products and services offered through other bank delivery channels. Examples of e-banking and financial services may include: • Cash management • Wire transfer. • Automated clearinghouse (ACH) transactions. • Bill presentment and payment. • Balance inquiry. • Funds transfer. • Downloading transaction information. • Bill presentment and payment. • Loan applications. • Investment activity. • Other value-added services. ] (More)
Question
Expert Answered
Asked 8/11/2011 6:18:42 PM
0 Answers/Comments
Why shouldn't you select financial services only on the basis of monetary factors?
Weegy: Try this link hope this helps :) (More)
Question
Expert Answered
Asked 8/11/2011 6:49:50 PM
0 Answers/Comments
What factors do consumers usually consider when selecting a financial institution to meet their saving and checking needs?
Weegy: When selecting a financial institution, a person should consider the services available, convenience (location, hours, branch offices, banking by mail, automatic teller machines), safety, personal service, rates charged, [ and interest paid to savers.In addition to evaluating the cost of checking accounts, there are other factors that may affect your decision. Does the institution you are considering for your checking account offer other services you may need? Establishing a broad relationship with your bank can sometimes pay off when you need other services. Is the institution convenient and are there ATM's easily accessible? Does the institution return cancelled checks? You may want to hold on to these for your permanent records. Does the institution seem customer friendly? If you usually frequent your bank in person, this is an important consideration. . ] (More)
Question
Expert Answered
Asked 8/11/2011 7:11:46 PM
0 Answers/Comments
18,419,193 questions answered
Popular Conversations
It rained yesterday and is supposed to be sunny today. This is an ...
Weegy: It is an example of B) climate. User: In Hawaii, you can almost always expect 80°F temperatures and daily ...
11/23/2014 3:21:11 AM| 3 Answers
United by common purpose with the majority power residing in the ...
Weegy: United by a common purpose, with the majority of power residing in the states is descriptive of Confederate ...
11/23/2014 12:33:41 AM| 2 Answers
Well, you see, I am accepting the Nobel Prize in literature. a. ...
Weegy: Well, you see, I am accepting the Nobel Prize in literature. The word well is an interjection. User: The ...
11/23/2014 1:40:22 AM| 2 Answers
Minorities and women found employment opportunities mainly a. in ...
Weegy: During World War I minorities and women found employment opportunities mainly in war-related industries. ...
11/23/2014 6:48:35 AM| 2 Answers
In addition to replacing the president if necessary, it's the duty ...
Weegy: In addition to replacing the president if necessary, it's the duty of the vice president to preside over the ...
11/23/2014 7:20:50 AM| 2 Answers
how do I get points
11/23/2014 9:19:57 AM| 2 Answers
Select the product of (5x - 4)(5x + 9). 25x2 - 25x - 36 50x - ...
Weegy: (5x + 1)? User: Select the product of (5x - 4)(5x + 9). a. 25x2 - 25x - 36 b. 50x - 36 c. 25x2 + 25x - ...
11/23/2014 2:08:28 PM| 2 Answers
22n 22 - n n + 22 n - 22
Weegy: N - 8 = 22 represents "the difference between a number and eight is twenty-two". User: Select the expression ...
11/23/2014 3:02:40 PM| 2 Answers
what does the expression 22n means?
11/23/2014 3:05:20 PM| 2 Answers
__________ is an up-front, one-time cost of home ownership. (Points : ...
Weegy: a and b - down payment and closing costs is an up-front, one-time cost of home ownership.
11/23/2014 7:03:06 PM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2436 [Total 14147]| Ratings 10| Comments 2336| Invitations 0|Online
S
L
Points 1322 [Total 3608]| Ratings 0| Comments 1322| Invitations 0|Offline
S
L
Points 731 [Total 1252]| Ratings 6| Comments 671| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 719 [Total 14093]| Ratings 0| Comments 719| Invitations 0|Offline
S
Points 548 [Total 580]| Ratings 1| Comments 538| Invitations 0|Offline
S
1
L
L
Points 222 [Total 6616]| Ratings 0| Comments 222| Invitations 0|Offline
S
L
Points 153 [Total 1449]| Ratings 3| Comments 123| Invitations 0|Online
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
S
Points 40 [Total 40]| Ratings 4| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.