A Majority of New Banks Do Not Become Profitable for at Least

question 65

True/False

A majority of new banks do not become profitable for at least a decade.

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Definitions:

Major Effects

Significant impacts or outcomes resulting from a particular cause or intervention, often used in the context of scientific studies or environmental changes.

Nonrenewable Resource

Resources that cannot be replenished naturally within a human lifespan, such as fossil fuels and minerals.

Electronic Devices

Equipment that uses electrical power to achieve a particular function, including devices like smartphones and laptops.

Sustainability

The ability to maintain or improve environmental, social, and economic conditions for future generations through responsible and careful use of resources.