If You Are the Type of Person Who Wants Complete

question 176

True/False

If you are the type of person who wants complete control over the style and decoration of your home,then a condominium or cooperative would be an appropriate housing decision for you.

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Definitions:

Clearinghouse

An intermediary body that facilitates the exchange of payments, securities, or derivatives transactions among its members.

Payor Bank

A bank that is responsible for paying a check or draft on behalf of a customer, typically the bank where the check writer has an account.

Depository Bank

A financial institution that holds and manages securities (stocks, bonds, etc.) for its clients and may also offer other banking services.

Payor Bank

A bank that is responsible for paying a check or draft presented for payment against an account.