In What State Is XYZ Bank, a Federally Chartered Bank

question 36

Multiple Choice

In what state is XYZ Bank, a federally chartered bank, considered a citizen?

• A) The bank is considered a citizen of any state in which it is located, meaning any state in which the bank has branches.
• B) The bank is considered a citizen of the state in which it is located, meaning the state in which its main office, as specified in its articles of incorporation, is located.
• C) The bank is considered a citizen only of Washington, D.C.
• D) The bank is considered a citizen only of the state in which it does its largest volume of business.
• E) The bank is considered a citizen of Washington, D.C. and also of the state in which it does its largest volume of business.

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Definitions:

Firm's Demand

The total quantity of a product or service that a business anticipates consumers will purchase at various price levels.

Derived Demand

Demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.

Input

Refers to the resources, materials, or services that are used in the production of goods and services.

Output

The total amount of goods or services produced by a company, industry, or country.