A Regional Bank Operating in Three States Purchases a Smaller

question 15

Multiple Choice

A regional bank operating in three states purchases a smaller local in the next state. This is an example of what type of strategy?

• A) vertical integration
• B) perpendicular integration
• C) horizontal integration
• D) conglomerate integration

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Definitions:

Fed Charges

Fees or interest rates set by the Federal Reserve, often in the context of lending to financial institutions.

Board of Governors

The leading body of the Federal Reserve System, overseeing the Federal Reserve Banks and setting monetary policy in the United States.

Appointed

Selected or designated for a position or duty by an authority, rather than by election or competition.

President

The elected head of a republican state or organization, responsible for executing the laws and leading the executive branch.