What Was the Major Role of Private Banks in the Early

question 22

Multiple Choice

What was the major role of private banks in the early 1800s?

• A)Serve as an institution for deposits
• B)Issue credit
• C)Reduce the risk of price fluctuation
• D)Create futures markets
• E)Sell stocks

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Definitions:

Organisational Outputs

The results or products that come as a consequence of the operations and processes of an organization.

Vertical Loading

A management technique that involves giving employees more responsibility and authority, enhancing their job role.

Periodic Reports

Reports generated at regular intervals to review and analyze performance, finances, or operations within an organization.

Discretion

The freedom to decide what should be done in a particular situation, allowing for judgment and careful decision-making.