Which of the Following Institutions Is Exempt from the Coverage

question 320

Multiple Choice

Which of the following institutions is exempt from the coverage of CRA?

• A) State National Bank of Ashgrove, a $15 million bank in a rural community, not located in an MSA
• B) Trust Company, Inc., an institution offering only trust services located in a large urban area
• C) ACME Savings Association, a federal thrift institution located in a mediumsized midwestern city, included in an MSA
• D) First National Bank, a $250 million bank located in a rural area, not in an MSA

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Definitions:

Life Cycle

The series of stages that an organism, product, or system goes through from its inception to its termination or end.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including potential customers and competitors.

Production Efficiencies

The maximization of output from a given set of inputs through optimal allocation of resources and processes in manufacturing or production.

GE Business Screen

A strategic planning tool similar to the BCG matrix, developed by General Electric, used for assessing the various business units or products in a company's portfolio.