Which of the Following Items Has Not Been a Factor

question 26

Multiple Choice

Which of the following items has not been a factor in the erosion of interstate banking restrictions?

• A)The purchase of troubled banks.
• B)The establishment of nonbank banks.
• C)The Bank Holding Company Act Amendments of 1970.
• D)The expansion of OBHC activities.
• E)The establishment of regional and national banking pacts.

---

Definitions:

Credit for Child

A tax credit offered to taxpayers for each qualifying child, which can reduce the taxpayer's liability on a dollar-for-dollar basis.

Dependent Care Expenses

Costs associated with caring for a child or dependent while the primary caretaker is working or looking for work.

Employment-Related Expenses

Costs incurred by employees during the course of their job that are necessary and not reimbursed by the employer, possibly deductible under certain conditions.

Joint Taxpayer

Two individuals, usually married, who file a single tax return together, combining their incomes and sharing deductions.