A Unit Bank Is a Bank That

question 49

Multiple Choice

A unit bank is a bank that:

• A) only makes one type of loan, (i.e.; home mortgages.)
• B) only offers savings accounts.
• C) provides a myriad of financial services, so customers get all or most of their financial needs taken care of at the bank.
• D) has no branches.

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Definitions:

Production Possibilities Frontiers

A curve depicting the maximum viable combinations of two products or services that an economy can produce with given resources and technology.

Opportunity Cost

The expense of not choosing the second-best option available during a decision-making process.

Rice

A staple food grain consumed worldwide, known for its versatility and ability as a primary source of nutrition for a large portion of the world's population.

T-Shirts

Clothing items made of fabric, typically featuring short sleeves and a round neckline, known for their staple position in casual wear.