If a Foreign Country Decides to Take Over Banking Business

question 29

True/False

If a foreign country decides to take over banking business from private banks to benefit public and pays adequate payment, then it is referred to as nationalization.

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Definitions:

Workforce

The pool of individuals in a country or company eligible for and engaged in employment, including both employees and those seeking employment.

Discretionary Income

The amount of an individual's income left for spending, investing, or saving after taxes and personal necessities have been paid.

Fiscal Policy

Government policies related to taxation and spending that are used to influence a country's economic conditions.

Private Spending

Expenditures made by individuals, households, and businesses in the private sector, excluding government spending.