The Largest Type of FI Is Which of the Following

question 34

Multiple Choice

The largest type of FI is which of the following?

• A)credit unions
• B)savings associations
• C)commercial banks
• D)money market mutual funds

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Definitions:

Original Obligor

The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.

Obligee

The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.

Express Consent

Clear and voluntary permission given by a person or party to another for a specific action or procedure, often communicated orally or in writing.

Noncompetition Provision

A clause in a contract that prohibits an individual from entering into or starting a similar profession or trade in competition against another party, typically an employer, for a certain period of time and within a specific geographic area.