Examlex
The text states that trial-and-error methods continue to be widely used, in spite of the development of various models. Using your knowledge from earlier in this course or from other quantitative courses you might have taken, speculate on why managers continue to use "primitive" devices when such sophistication is available.
Competitive Equality Banking Act
A U.S. law aimed at promoting competition among banks and equalizing regulatory standards across different types of banking institutions.
Nonlocal Check
A check written on an account at a bank which is located outside the local check-processing region of the bank at which it is deposited.
Depositary Bank
A financial institution that holds and manages securities deposits and facilitates trading of these financial assets.
Drawee Bank
Drawee bank refers to the bank upon which a check or draft is drawn, responsible for paying the specified amount of money to the entity presenting the check for payment.
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