What Accounts for the Problems Facing China's Four Largest Banks

question 24

Multiple Choice

What accounts for the problems facing China's four largest banks?

• A) Large loans to inefficient, state-owned enterprises
• B) Closing of unprofitable branches and laying off unproductive employees
• C) Selling shares in the bank overseas to raise capital
• D) All of the above

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Definitions:

Procedural Rules

Guidelines that govern the process and methods used in legal and administrative proceedings.

Substantive Law

The part of law that deals with the rights and duties of people and the punishments for those who violate these laws.

Requests for Admissions

A pre-trial procedure in civil litigation where one party requests the other to admit the truth of certain facts, thereby narrowing the scope of the dispute.

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A set of formal written questions issued by one party in a lawsuit to another party, which must be answered under oath.