Explain the Concept of a Functional Dependency

question 8

Essay

Explain the concept of a functional dependency.

---

Definitions:

Thrift Institutions

Savings banks and credit unions; depository institutions that historically lent money to households.

Money Market Mutual Funds

Investment funds that invest in short-term, high-quality debt securities and aim to offer returns with minimal risk, providing investors with liquidity and a modest income.

Difficulties

Challenges or obstacles that may impede progress, require problem-solving, or necessitate adaptation.

Deregulating Banks

Deregulating Banks involves reducing the rules and regulations imposed on banks with the aim of increasing financial institutions' ability to operate freely and innovate.