Previously, Entry and Branching Restrictions in the Banking Industry Have

question 22

Multiple Choice

Previously, entry and branching restrictions in the banking industry have

• A)increased competition.
• B)decreased competition, although the intent of the restrictions had been to increase competition.
• C)increased profits and promoted efficiency.
• D)Both a and c are correct.

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Definitions:

Electronic Transfers

The movement of funds between bank accounts through digital means, often executed via online banking platforms or electronic payment systems.

Negotiability

The characteristic of a financial instrument that allows it to be transferred from one party to another in a form of exchange.

Holder in Due Course

A term referring to a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.

Marketability

The ease with which an asset or security can be sold or bought in the market without affecting its price.