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For all series circuits, the sum of the voltage drops across individual resistors is equal to the total applied voltage.
Financial Intermediaries
are institutions that facilitate the channeling of funds between savers and borrowers, including banks, investment companies, and insurance companies.
Severe Penalties
Punishments or sanctions that are especially harsh or stringent, typically applied in legal contexts.
Financial Intermediaries
Institutions that facilitate the channeling of funds from savers to borrowers by intermediating between them.
Credit Needs
The requirement for borrowing funds to finance purchases, investments, or to bridge gaps in cash flow.
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