Which of the Following Statements Regarding the Interstate Banking and Branching

question 98

Multiple Choice

Which of the following statements regarding the Interstate Banking and Branching Act (IBBEA) of 1994 is false?

• A)It eliminates virtually all restrictions on interstate bank mergers.
• B)It makes interstate branching possible.
• C)It effectively repealed the McFadden Act of 1927.
• D)It allows banks to use a branch to generate deposits without considering the implications of the Community Reinvestment Act.

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