If Someone Wants to Start a Bank Today They Would

question 97

Multiple Choice

If someone wants to start a bank today they would have to:

• A) obtain a charter from the federal government.
• B) simply have $5 million is startup capital, a charter is no longer needed.
• C) obtain a charter either from the federal or state government.
• D) obtain a state charter, the federal government stopped issuing charters in 1970.

---

Definitions:

Ocean Temperature

The measure of heat content in the oceans, a critical factor influencing global climate patterns, marine ecosystems, and sea level rise.

Intertidal Zone

A coastal area that lies between the high tide and low tide lines, periodically submerged and exposed by the tide.

Barrier Beach

A coastal landform comprised of sand or other sediment, lying parallel to the shore, that protects the inland area from waves and tidal impacts.