What Was the Primary Objective of the Bank Holding Company

question 35

Multiple Choice

What was the primary objective of the Bank Holding Company Act of 1956?

• A)Permitted bank holding companies to acquire banks in other states.
• B)Restricted the banking and nonbanking acquisition activities of multibank holding companies.
• C)Regulated foreign bank branches and agencies in the United States.
• D)Bank holding companies were permitted to convert out-of-state subsidiary banks into branches of a single interstate bank.
• E)Allowed for the creation of a financial services holding company.

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