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Describe and Compare the Three Major Types of Organizations That

question 39

Essay

Describe and compare the three major types of organizations that make up the U.S. banking system: commercial banks, savings and loan associations, and credit unions.


Definitions:

Efficient

Being effective without wasting time, effort, or resources; achieving maximum productivity with minimum wasted effort or expense.

Voltage Drop

Decrease in voltage measured after current passes through a resistance. Also known as voltage loss. See definition for the second of Kirchhoff’s Laws.

Ohmmeter

A device used to measure electrical resistance in units called Ohms.

Resistance

In electricity, opposition to current flow measured in ohms.

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