Unit Banks

question 70

Multiple Choice

Unit banks

• A) have no branches.
• B) are highly competitive.
• C) are an increasingly common type of financial institution.
• D) all of the above.

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Definitions:

Warranty

A guarantee, typically provided by a manufacturer or seller, assuring certain conditions or qualities of a product or service.

Security Interest

A legal claim on assets granted to a creditor to secure a loan, providing the creditor rights to the collateral if the debtor defaults.

Encumbrances

Legal claims or liens on a property or asset that may affect the title or restrict the owner's ability to use the property freely.

Bailiff

An official who performs certain actions under legal authority, such as executing writs, serving legal documents, or enforcing court orders and judgments.