Which of the Following Is Not a Reason Why the Interstate

question 29

Multiple Choice

Which of the following is not a reason why the Interstate Banking and Branching Efficiency (IBBEA) was enacted into law?

• A)Banking restrictions such as limiting the entrance of large banks into smaller local markets were actually limiting competition.
• B)More and more small banks were being bought out by aggressive corporate takeovers.
• C)Banks had found loopholes that allowed them to engage in interstate branching.
• D)Congress and the president were following the lead of the states; the states were forming regional banking pacts that allowed some interstate banking.

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