Nonbank Offices

question 82

Multiple Choice

Nonbank offices

• A)took demand deposits but did not make loans.
• B)made loans but did not take demand deposits.
• C)neither took demand deposits nor made loans.
• D)were another name for ATMs.

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Definitions:

Reparation

Compensation or restitution for wrongs or damages, often discussed in the context of historical injustices.

Reconciliation

The act of restoring harmony or agreement between individuals or groups, especially after a conflict or dispute.

Personal Narrative

A person's story or account of their life experiences, often emphasizing a personal journey or transformation.

Similarities

Similarities involve aspects that are alike or share common attributes between entities, enabling comparisons and connections.