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Which Type of Institution Is the Royal Bank of Canada

question 67

Multiple Choice

Which type of institution is the Royal Bank of Canada, a for-profit organization that accepts deposits from all its customers, provides them with services, and makes loans?


Definitions:

Terms

Conditions under which a sale is made, including payment timeframe, discounts, and penalties for late payment.

Discount

A reduction from the usual cost of something, or the act of lowering the price of goods, services, or securities.

Day

A 24-hour period from midnight to midnight.

Income

The money received, especially on a regular basis, for work or through investments.

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