Question

Summarize the major legislation regarding product offerings and geographic scope of depository institutions

Answer 1

There are various laws regarding the product offering.

Attracting the new customers towards your business is essential for survival of business but there are various several rules and regulations which are to be followed Such as if you are giving a advertisement then it is necessary or it is a rule that the advertisements is true and not mislead the customers. Same as if you introduced a product in the market than you need to make a proper labeling of the product Fix a sinle price as MRP above the MRP the product is not sold any where Similiarly You have to mention the ingridents used while manufacturing the product and also there is a one rule that you must show the MAnufacturing date and the expiring period in case of eatable product Similiarly you can use use the product of your competitor in advertisement for comparing with your product and same as this there are many other rules and regulations there are various other laws which compliance is mandatory.

Depository Insitutions are the financial institutions which are alowed to accepts monetary public deposits The scope of Depository Institutions are mostly similiar to the banks as ther have also allowed to take of accepts money deposits and also provide loan The scope of Depository institution is less than commercial banks Depository Institutions are helpful to mange the diffrences between the people and the commercial banks The depository Institutions are developed in the United States They have less government control as compared to commercial banks and also Depository Institutions are set up only in the big major cities