2-66 by Late 2009,the Number of Branches of Existing Commercial

question 4

Multiple Choice

2-66 By late 2009,the number of branches of existing commercial banks in the U.S.approximated ________,which was a (an) _________ from 1985.

• A)88,000; increase
• B)43,000; increase
• C)68,000; decrease
• D)103,000; decrease
• E)72,000; increase

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Definitions:

Methods

Methods are systematic procedures or techniques used for conducting activities or accomplishing tasks, often within scientific, academic, or business contexts.

Journal Entries

The method by which financial transactions are recorded in the accounting records, detailing the accounts affected and the amounts.

Bonds at Par

A situation where bonds are issued or traded at their face value or principal amount.

Bond Interest

The periodic payment made to the holders of a bond, representing a fixed income for the bond's duration.