A Decentralized Organization Is Defined as One That Has Operations

question 106

True/False

A decentralized organization is defined as one that has operations at two or more physical locations.

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Definitions:

Commercial Banks

Financial institutions that accept deposits, offer checking account services, and provide business, personal, and mortgage loans.

Thrift Institutions

Financial institutions that primarily accept savings deposits and make mortgage and other loans.

Actual Reserves

The total funds a bank has in its vault or deposited with the central bank, available for immediate use.

Required Reserves

Required reserves refer to the minimum amount of funds that a bank must hold in reserve against deposits, as mandated by central banking regulations to ensure bank liquidity.