Implicit service returns are an important part of the rate of return on purchased deposits.

Name: Implicit service returns are an important part of the rate of return on purchased deposits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Implicit service returns refer to the benefits or services a customer receives as part of a banking relationship, such as free checking, rather than a direct financial return on deposits. The rate of return on purchased deposits typically refers to the interest or dividends earned, not the value of service returns.

Implicit Service Returns Are an Important Part of the Rate