Which of the Following Statements About Banks Is NOT True

question 19

Multiple Choice

Which of the following statements about banks is NOT true?

• A)Banks distribute the medium of exchange.
• B)All banks are organized as corporations.
• C) Banks may be chartered by either federal or state governments.
• D) Banks are essential to maintaining the economy.

Recognize the importance of aligning HR practices with organizational strategies for competitive advantage.

Comprehend the differences between various organizational structures and their strategic implications.

Understand the strategic significance of employee attributes like motivation, personality, and attitude in organizational success.

Recognize the role of top management in strategic planning and execution.

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Definitions:

Psychology

The scientific study of the human mind, behavior, and processes associated with how people think, feel, and interact with their environment.

Arrow's Impossibility Theorem

A theory in social choice stating that no rank-order voting system can convert the ranked preferences of individuals into a community-wide complete and transitive ranking without violating one of the criteria necessary for a fair vote.

Median Voter Theorem

A principle in political science proposing that the outcome of a majority vote is most likely to match the preferences of the median voter, assuming voters can be placed along a single-dimensional policy space.

Impossibility

A condition or situation that cannot be achieved or is unattainable.