Choose the Word or Phrase in [ ] Which Will

question 43

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Today the differences between a commercial bank and an S&L are [minor | major].

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Definitions:

Bankruptcy Court

A specialized court that deals with cases involving bankruptcy filings and related proceedings.

Final Settlement

The last payment in an agreement, settling all outstanding balances and obligations.

Section 179

A provision in the U.S. tax code that allows businesses to deduct the full purchase price of qualifying equipment and/or software within the tax year it was purchased.

Maximum Deduction

The highest amount that can be subtracted from taxable income, as allowed by tax laws.