Bank Services Assignment

timer Asked: Feb 8th, 2019
account_balance_wallet $20

Question Description

Resource: any bank's website and Bank Services Grading Guide

Write a paper in 1,050 to 1,400 words.

Access a bank's website.

List five services offered by the bank that were mentioned in Chapter 17.

For each service, describe whether it reflects an asset (use of funds) or a liability (source of funds) for the bank.

What interest rates does the bank offer on its CDs determine?

Evaluate the services you have learned about. What is your overall impression?

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment as a Microsoft® Word document.

Tutor Answer

School: UC Berkeley


Banking Services
Thesis statement: The services offered by banks may be led to creation of more revenue and are
assets while others lead to spending of revenue and are liabilities to the bank.

Loans services


Deposits and savings


Bank overdrafts


Bonds and securities
Foreign exchange

Running head: BANK SERVICES


Bank Services
Institution Affiliation


Bank Services

Banks offer a wide range of services to consumers and businesses alike. These services
can either be assets to the bank or liabilities. The services which generate revenue for the bank
are assets while those which lead to loss of revenue are liabilities. Example of services that are
assets to the bank includes loans such as personal loans and business loans. Examples of liability
bank services include cash deposits and overdraft. The Bank of America is one of the leading
banks in the country, and they offer an extensive range of banking services. These services
include loans such as mortgages, savings, overdrafts, and underwriting services.
Loans are the largest source of funds for the banks. The loans offered may be to
individual consumers or businesses. Credits offered to consumers include mortgage loans,
automobile loans, and emergency loans. Moreover, there are loans it gives out to businesses and
other banks too. Loans are an essential asset for the banks because they generate revenue from
the interest the loaner pays. The interest rates for the various types of loans offered by the Bank
of America are as follows. The bank gives home mortgage loans which range from fifteen to

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Good stuff. Would use again.

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