​An Enterprise That Either Take Deposits or Make Loans but Do

question 13

Multiple Choice

​An enterprise that either take deposits or make loans but do not perform both the activities together, and therefore is not subject to the same restrictions as banks is known as

• A)​non­governmental organizations.
• B)​corporations.
• C)​nonbanks.
• D)​business firms.

Recognize the distinction between demand instruments and time instruments and their implications.

Understand the role and requirements for endorsements in the negotiation of order instruments.

Comprehend the significance of a signature on a negotiable instrument.

Identify the different types of negotiable instruments, such as drafts, notes, and checks.

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Definitions:

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods that are determined mainly by competition in a free market.

Growth of the State

The process of increase in the size and scope of government activities, often referring to the expansion of its regulatory, taxing, and coercive capacities.

Industrial Societies

Are societies that use machines and fuel to greatly increase the supply and dependability of food and finished goods. The first such society emerged in Great Britain in the last decades of the eighteenth century.

Social Control

Mechanisms, strategies, and institutions by which societies attempt to regulate individual behavior to maintain societal order and cohesion.