During the Early- to Mid-1980s, Thrifts in Which Parts of the Country

question 20

Multiple Choice

During the early- to mid-1980s, thrifts in which parts of the country were particularly hard hit?

• A)Those in the industrial areas of the northeast
• B)Those in the industrial areas of the midwest
• C)Those in areas dependent on the tourist trade, such as California and Florida
• D)Those in areas dependent on farming or energy, such as Texas

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Definitions:

Agency Law

The legal principles governing the relationship between an agent, who acts for another person (the principal), and the rights and obligations that arise from this relationship.

Business Law

A branch of law that deals with the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.

E-Sign

E-Sign, the Electronic Signatures in Global and National Commerce Act, is a federal law that facilitates the use of electronic records and signatures in interstate and foreign commerce.

Transactions

Refers to the business activities involving the exchange of goods, services, or money between entities.