Every Month,Bill Adds to a Savings Account with a Financial

question 72

Multiple Choice

Every month,Bill adds to a savings account with a financial institution that makes loans for homes.The only money he makes from this institution is interest on his savings.The financial institution is most likely a ________.

• A) commercial bank
• B) finance company
• C) savings and loan association
• D) mutual savings bank

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Definitions:

Supreme Court

The highest judicial court in a country or state, which typically has the final say in legal disputes.

Antitrust Cases

Legal disputes that arise when businesses are accused of practices that limit competition, aiming to protect consumers and ensure a fair marketplace.

Standard Oil

An American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and partners, it was a predominant integrated oil producing, transporting, refining, and marketing company of its time.

Federal Trade Commission

An independent agency of the United States government aimed at preventing anti-competitive, deceptive, and unfair business practices.