The Best Explanation for the Persistence of Geographic Restrictions on Banks

question 17

Multiple Choice

The best explanation for the persistence of geographic restrictions on banks is that

• A)these restrictions have promoted competition among banks.
• B)these restrictions have reduced the exposure of banks to credit risk.
• C)Americans have long distrusted large, big-city banks.
• D)these restrictions have reduced the costs of loans for most borrowers.

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Definitions:

Routine Request Format

A standard format used in communications to make requests that are ordinary and recurring within business operations.

Demanding Tone

A manner of communication that is authoritative and insists on immediate attention or compliance.

Compliance

The act of adhering to established guidelines, standards, or laws.

Routine Request

A standardized or commonly made inquiry or appeal for information, services, or action in the course of regular operations or transactions.