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
17,972,289 questions answered
Popular Conversations
How is the infinitive phrase used in the sentence? Morning is the ...
Weegy: To go to college is my greatest ambition. The infinitive phrase "to go to college" is used as noun as subject. ...
10/24/2014 11:04:05 AM| 5 Answers
Simplify. n 6 · n 5 · n 4 ÷ n 3 · n 2 ÷ n User: Find the ...
Weegy: What is your question? User: Simplify. y 5 ÷ y 3 · y 2 Weegy: y^5 ? y^3 ? y^2; y^8 ? y^2 = y^6 User: ...
10/24/2014 11:04:16 AM| 4 Answers
Brandon's huge collection of paper cranes come from his origami ...
Weegy: The correct sentence is: Brandon's huge collection of paper cranes comes from his origami hobby. User: ...
10/24/2014 7:48:30 AM| 3 Answers
William H. Crawford represented which ...
10/24/2014 7:25:41 AM| 2 Answers
Is the sentence compound, or is it simple with a compound verb? You ...
Weegy: Verb is a word (part of speech) that in syntax conveys an action (bring, read, walk, run, learn), an occurrence ...
10/24/2014 7:51:29 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2722 [Total 15097]| Ratings 0| Comments 2722| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1649 [Total 11130]| Ratings 4| Comments 1609| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 898 [Total 13127]| Ratings 0| Comments 898| Invitations 0|Offline
S
L
Points 615 [Total 2014]| Ratings 0| Comments 615| Invitations 0|Offline
S
1
L
L
Points 509 [Total 6303]| Ratings 3| Comments 479| Invitations 0|Online
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 454 [Total 455]| Ratings 6| Comments 394| Invitations 0|Offline
S
Points 277 [Total 277]| Ratings 1| Comments 267| Invitations 0|Offline
S
L
Points 48 [Total 1265]| Ratings 1| Comments 38| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.