Question

Which of the following policies would lead to increased profits for a bank? (Select all that apply.) encourage customers to sign up for online monthly statements enroll customers in direct deposit lower minimum balance requirements for certain accounts partner with utility companies to facilitate online payments

Answer 1

All the given options are applicable.

• encourage customers to sign up for online monthly statements
• enroll customers in direct deposit lower minimum balance requirements for certain accounts
• partner with utility companies to facilitate online payments

Explanation:

In the outcome of the Great Recession of 2009, network bank execution bounced back pair with the remainder of the financial business. By 2015, network banks had come back to pre-emergency levels regarding noncurrent advances, net charge-offs and level of unfruitful foundations. Be that as it may, benefit has stayed beneath pre-emergency levels as of late.

Center stores got stale over a three-year time frame for network saves money with under $10 billion in resources. That lethargy implied that these banks' adaptability was incredibly restricted, and their loaning limit was fundamentally decreased.

As advance loan costs have ascended in the course of recent years, so too has the requirement for store development extended. Numerous banks will probably bring store rates up because of this need, yet there is greater network banks can do to draw in new store accounts. Notwithstanding expanding inner endeavors at each branch, network banks additionally need to bridle the intensity of viable showcasing procedures to arrive at their intended interest group.

Answer 2

the three policies below increase profits of a bank

1. encourage customers to sign up for online monthly statements.
2. enroll customers in direct deposit lower minimum balance requirements for certain accounts.
3. partner with utility companies to facilitate online payments.

Step-by-step explanation:

Policy 1: This policy allows to cut costs as statements do not need to be printed and delivered. Therefore, those costs are saved.

Policy 2: As accounts need a mandatory minimum balance the bank will assure to always have funds in the accounts to offer loans.

Policy 3: This startegy is very important as clients could be charged a small fee for paying the utilities online.