Although It Has a Population About Half That of the United

question 24

Multiple Choice

Although it has a population about half that of the United States,Japan has

• A)many more banks.
• B)about 25 percent of the number of banks.
• C)more than 5,000 commercial banks.
• D)fewer than 100 commercial banks.

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Definitions:

Restatements

A comprehensive reworking of existing laws or legal principles, clarifying, updating, and simplifying the law, typically in the United States, and organized by subject matter.

Common Law

The law that is made and applied by judges.

Binding

in legal terms, refers to an agreement, contract, or decision that is legally enforceable and must be adhered to by the parties involved.

Declaratory Judgment Statutes

Laws that allow a court to make a declaration about the legal relationships and duties between parties before an actual dispute arises.