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January 19, 2018 

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BRAND: The process of developing and maintaining a name, phrase, symbol or other identifying characteristic of a product or service to create recognition on the part of the consumer. This usually occurs over a period of time with multiple exposures and positive experiences. However, negative experiences dealing with the product can also create brand awareness, just not the kind a company works to achieve. Examples of brands are: Regal, Buick, General Motors.

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Lesson 18: Banking | Unit 2: Banking Details Page: 8 of 24

Topic: Savings Banks <=PAGE BACK | PAGE NEXT=>

The last type of is a mutual savings bank.

Savings banks:

  • A cross between credit unions and savings and loans associations.
  • Nonprofit cooperatives that pool members' savings like credit unions, but their primary lending activity is mortgage loans, like savings and loans associations.
  • They also began issuing checking accounts in the 1970's.

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ABSTRACTION

Simplifying the complexities of the real world by ignoring (hopefully) unimportant details while doing economic analysis. Abstraction is an essential feature of the scientific method. Hypothesis verification, model construction, and comparative static analysis are not possible without abstraction.

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APLS

BROWN PRAGMATOX
[What's This?]

Today, you are likely to spend a great deal of time strolling through a department store trying to buy either software that won't crash your computer or any book written by Stephan King. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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The average bank teller loses about $250 every year.
"You are never given a dream without also being given the power to make it true."

-- Richard Bach, Author

ASEAN
Association of South East Asian Nations
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