Examlex
Which of the following is not one of the four types of voluntary associations?
Promissory Note
A lending agreement in which the borrower promises to pay principal and interest in accordance with specific terms.
Commercial Banks
Banks that provide a wide range of services to businesses and consumers including loans, checking accounts, and savings options.
Commercial Bank Loans
are loans that businesses and individuals can obtain from a commercial bank to finance various needs, such as business expansion or personal expenses.
Short-Term Financing
Refers to borrowing funds for a period of less than one year to meet immediate financial requirements.
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