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The United States has a dual banking system consisting of state banks and national banks.
Performance-Based Pay
A compensation system in which an employee’s financial remuneration is directly linked to their performance or productivity.
Advantages
The favorable positions or conditions gained by a person or organization that provide a better opportunity for success.
Disadvantages
Negative or unfavorable aspects and conditions that hinder success or effectiveness.
Labor Costs
Expenses related to compensating employees, including wages, salaries, benefits, and taxes, incurred by an employer.
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