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How Did Hongwu Change the Government Administration to Make It

question 50

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How did Hongwu change the government administration to make it effective?

Recognize the role and types of pension funds in financial markets.
Understand the process and importance of mortgage loans in financial institutions.
Distinguish between banking and nonbanking financial institutions and their functions.
Grasp the impact of technological innovations on the banking industry and the resultant shifts in customer interactions with banks.

Definitions:

Nitrogen

A chemical element with symbol N, atomic number 7; a colorless, odorless unreactive gas that forms about 78% of the earth's atmosphere and is a constituent of all living tissues.

Coriolis Effect

A deflection of moving objects when they are viewed in a rotating reference frame, often observed in the movement of air masses on Earth, influencing weather patterns and ocean currents.

Deflection

The change in direction of a wave or object due to a change in its medium or the presence of an obstacle.

Earth Rotation

The spinning of the Earth around its own axis, which takes approximately 24 hours to complete and results in day and night.

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