At ________,All Depositors Are Considered to Be Owners of the Institution

question 36

Multiple Choice

At ________,all depositors are considered to be owners of the institution.

• A) commercial banks
• B) savings and loan associations
• C) mutual savings banks
• D) downtown major banks

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Definitions:

Sole Proprietorship

A business structure wherein a single individual owns and operates the business, directly responsible for all debts, obligations, and liabilities.

Personal Assets

Assets owned by an individual, including real estate, bank accounts, investments, and personal property.

Raise Capital

The process by which a company or individual secures money from investors or lenders for business activities or expansion.