USBanking Laws Require the Organizers of a Proposed New Bank

question 99

Multiple Choice

U.S.banking laws require the organizers of a proposed new bank to demonstrate:

• A)adequate future earnings prospects.
• B)adequate owners' capital availability.
• C)evidence of a public need for a new bank.
• D)existing banks will not be endangered.
• E)All of the options are correct.

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Definitions:

Continental Crust

The thick part of the Earth's crust that forms the continents, characterized by its buoyancy and primarily granitic composition.

Passive Margin

A type of continental margin that is not an active plate boundary, characterized by little volcanic and earthquake activity.

Indonesian Earthquake

A seismic event occurring in Indonesia, a country prone to earthquakes due to its location on the Pacific "Ring of Fire."

Tsunami

A large sea wave produced by uplift, subsidence, or some other disturbance of the seafloor, especially by a shallow submarine earthquake.