Contractual Savings Institutions Include

question 20

Multiple Choice

Contractual savings institutions include

• A)mutual savings banks.
• B)money market mutual funds.
• C)commercial banks.
• D)life insurance companies.

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Definitions:

Benevolent Power

A term used to describe a government or organization exercising power in a kind-hearted or benevolent manner, often with the aim to improve wellbeing.

Insular Cases

Series of cases between 1901 and 1904 in which the Supreme Court ruled that constitutional protection of individual rights did not fully apply to residents of “insular” territories acquired by the United States in the Spanish-American War, such as Puerto Rico and the Philippines.

U.S. Citizens

Individuals who hold citizenship in the United States, whether by birth or naturalization, granting them specific rights, privileges, and responsibilities under U.S. law.