Which of the Following Is a Contractual Saving Institution

question 20

Multiple Choice

Which of the following is a contractual saving institution?

• A)The New York Stock Exchange
• B)Greater Illinois Savings and Loan
• C)Prudential Insurance Company
• D)Fidelity Magellan Mutual Fund

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Definitions:

Developed Countries

Nations with high levels of economic productivity, advanced infrastructure, and higher standards of living.

Technology

The application of scientific knowledge for practical purposes, especially in industry, which can significantly influence productivity and economic growth.

Capital

Wealth in the form of money or other assets owned or used by a person or organization for a particular purpose such as investment in productive projects.

Foreign Exchange Reserve

Holdings of foreign currencies and precious metals by a country's central bank or monetary authority, used to back its liabilities and influence monetary policy.