Statewide branch banking:
a. is prohibited in all 50 states
b. means that branch systems are less likely to fail than independent systems
c. permits banks to be located within a geographically defined distance of the main office
d. none of the above
Answer: b. means that branch systems are less likely to fail than independent systems
Business
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A transaction between two parties in which the first party promises to make a payment to the second party. The second party, in turn, promises to make a simultaneous payment to the first party.
(a) swap (b) available-for-sale securities (c) spot price (d) held-to-maturity securities
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Patents, trademarks and copyrights are three main ways to protect ________ ________.
A. legal documents B. intellectual property C. physical possessions
Business