S&L members do not have voting rights is a false statement.
<h3>Who are Savings and loan association?</h3>
A savings and loan association (S&L), or thrift institution, exists as a financial organization that specializes in accepting savings deposits and creating mortgages and other loans.
S&Ls place a stronger focus on residential mortgages, whereas commercial banks tend to focus on working with large companies and on unsecured credit services (such as credit cards). Commercial banks can be chartered at either the condition or federal level. The same stands true for S&Ls.
The terms "S&L" or "thrift" are primarily utilized in the United States; equivalent institutions in the United Kingdom, Ireland, and some Commonwealth countries contain building societies and trustee savings banks. They exist often mutually owned (often named mutual savings banks), indicating that the depositors and borrowers exist as members with voting rights, and can direct the financial and managerial purposes of the association like the members of a credit union or the policyholders of a mutual insurance company.
While it exists possible for an S&L to be a joint-stock company, and even publicly traded, in such instances, it exists no longer a mutual association, and depositors and borrowers no longer maintain membership rights and managerial authority. By law, thrifts can have no more than 20 percent of their lending in commercial loans—their emphasis on the mortgage and consumer loans creates them specifically vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.
Hence, S&L members do not have voting rights is a false statement.
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Answer:
Annual deposit= $3,474.39
Explanation:
Giving the following information:
You want to have $60,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. The account pays 6.4 percent interest.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (60,000*0.064)/[(1.064^12)-1]= $3,474.39
Answer:
<h2>Social media could boost production or more people know about it.</h2>
Explanation:
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<em>Social media could help you with sharing it with other people, boost marketing, or help you later on. Amazon got popular with social media and its own website. ( could be true, not entirely true ) If I was in charge of marketing for a sports team or entertainer, I would spend </em> <em>of my money on advertising my website or for our business. I would try to make the company the most noticeable and understanding ads, and I would help the workers, not yell at them all the time.</em>
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<em>Hope this helps! <3</em>
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Answer:
The modern Coast Guard was formed by a merger of the U.S. Revenue Cutter Service and the U.S. life-saving on 28 january 1915
In this example, Kiwanuka is suing for intentional infliction of emotional distress. This can be defined as extreme and outrageous conduct which results in severe emotional distress to another person. This act must be severely extreme, to an extent that is not normally tolerated by society. In such cases, threatening conduct coupled with repeated annoyances can be enough to offer support to a claim of intentional infliction of emotional distress.
If I were the judge, I would rule in favor of Kiwanuka, as I the fact that Bakilana held Kiwanuka in isolation and confiscated her passport is evidence of extreme emotional distress.