Question

Why might a business want to use a bank? What are the costs to the business owner? What are the benefits? Give an example of why a business owner would use a bank.

Answer 1

A business should utilize a bank so as to have a more secure and surer approach to keep and screen cash. The expenses of utilizing a bank to a specific entrepreneur is that you need to pay the bank in keeping your cash. The advantages would be that the cash is certain and pulling back and keeping is advantageous. For instance, if cash isn't kept in a bank and when there is a catastrophe, for example, fire, the cash will be ignited with the foundation.

Answer 2

A business might want to use a bank in order to have a safer and surer way to keep and monitor money. The costs of using  a bank to a certain business owner is that you have to pay the bank in keeping your money. The benefits would be that the money is sure and withdrawing and depositing is convenient. For example, if money isn't kept in a bank and when there is a disaster such as fire, the money will be burnt with the establishment.