question 23
Multiple Choice
Figure:
Table1
Bank product Checking Checking Checking Checking Savings Savings Savings Savings Mutual funds Mutual funds Mutual funds Mutual funds Location USA Europe SE Asia India USA Europe SE Asia India USA Europe SE Asia India Number-of-customers 1,000,000500,0001,100,000300,000700,000400,000900,000800,000300,000300,00080,000
Table2
Location USA Europe SE Asia India Checking 1,000,000500,0001,100,000 Savings 700,000400,000900,000 Mutual Funds 300,000200,000300,000
The numeric values in Table2 indicate the number of customers.
-We want to have the data for the past five years in Table1.This would require:
Definitions:
Legal Consideration
An essential element in contract law that refers to something of value exchanged between parties as part of an agreement, which is necessary for the contract to be enforceable.
Promissory Estoppel
A legal principle that enforces a promise in absence of a formal contract, provided individuals have acted in reliance on that promise.
Past Service
The period of service that is counted for the purposes of calculating pensions or other benefits, often before the current benefit plan was in place.
Consideration Requirement
In contract law, this is a necessary element that refers to something of value promised in exchange for a specific action or non-action.