One of the Benefits of Applying for a Federal (National)bank

question 43

Multiple Choice

One of the benefits of applying for a federal (national) bank charter over a state charter is that:

• A)it brings added prestige.
• B)it results in the automatic receipt of federal deposit insurance.
• C)there is better technical support in times of trouble.
• D)it brings added prestige and better technical support in times of trouble.
• E)All of the options are correct

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Definitions:

Prevailing Wage

The average wage paid to similarly employed workers in a specific region, occupation, or industry.

Marginal Utility

The supplementary benefit or satisfaction a person derives from the consumption of one more unit of a good or service.

Optimal Time Allocation

The most efficient distribution of one's time across various activities to maximize overall benefit.

Substitution Effect

The change in the quantity of a good consumed as the consumer substitutes other goods that are now relatively cheaper in place of the good that has become relatively more expensive.