Choose the Word or Phrase in [ ] Which Will

question 48

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 a savings and loan association (S&L)are [minor | major].

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Definitions:

Maximum Amount

The highest possible quantity or value that can be reached or allowed.

Commercial Banks

Financial institutions that provide various financial services, including deposit accounts, loans, and currency exchange.

Credit Market

A financial market where borrowers can obtain funds from investors, encompassing all transactions involving lending and borrowing.

Legal Claim

A formal assertion of one's right, typically in court, to secure a remedy or enforcement by legal means.