Choose the Statement That Is Incorrect

question 23

Multiple Choice

Choose the statement that is incorrect.

• A)A chartered bank is a private firm, chartered under the Bank Act of 1992 to receive deposits and make loans.
• B)A credit union is a cooperative organization that operates under the Co-operative Credit Association Act of 1992.
• C)A caisse populaire is similar to a credit union.
• D)Trust and mortgage loan companies receive deposits, make loans, and act as trustee for pension funds and for estates.
• E)Trust and mortgage loan companies have the bulk of the deposits in M1 and M2.

Understand the concept of file compression and the use of compressed files.

Recognize the default software applications for opening specific file types.

Understand the process and importance of saving work frequently to prevent data loss.

Differentiate between shortcuts and actual documents or applications.

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Definitions:

Output

The total amount of goods or services produced by an individual, firm, or country over a specific period.

Marginal Product

The additional output that is produced by using one more unit of a particular input, while keeping other inputs constant.

Worker

An individual who performs labour for a company or another person in exchange for compensation.

Diminishing Returns

A rule that implies that after reaching a certain threshold, the profit rate from investing more into a specific sector won't keep rising unless there are changes in other contributing factors.