Private Firms That Accept Deposits and Extend Loans Are Known

question 109

Multiple Choice

Private firms that accept deposits and extend loans are known as

• A) bonds.
• B) banks.
• C) stocks.
• D) financials.
• E) securities.

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Definitions:

Retirement

The process of leaving one's job and ceasing to work, typically upon reaching a certain age, often accompanied by receiving pension benefits.

Private Pensions

Retirement plans funded and managed by private sector employers, unions, or organizations, as opposed to government-run social security schemes.

Dow Jones

An American stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

Twelve-year Low

Refers to the lowest level or point that something has reached in a period of twelve years.