Which of the Following Is True If Someone Wants to Acquire

question 24

Multiple Choice

Which of the following is true if someone wants to acquire a bank charter in the United States?

• A)A bank charter stipulates how a bank will be organized and regulated; it may be issued at the federal level or by the UN Committee of Bankers.
• B)A bank charter is a legal document stipulating how a bank will be organized; it must be issued at the federal level.
• C)A bank charter stipulates how a bank will be organized and regulated; it may be issued at the state or federal level.
• D)A bank charter is a legal document that includes bank regulations that apply to all banks; it must be issued at the level of the relevant state.

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Definitions:

Attitude Polarization

The phenomenon whereby a person's stance on a specific issue becomes more extreme after being exposed to opposing arguments.

Effort Justification

A cognitive dissonance theory concept where individuals rationalize the effort they put into achieving a goal, often valuing the outcome more if more effort was required.

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

False Consensus Effect

The cognitive bias to overestimate the extent to which others share our beliefs, attitudes, and behaviors.