One Reason for the Fairly Large Number of Unit Banks

question 10

Multiple Choice

One reason for the fairly large number of unit banks in the United States is:

• A)de-merger of branch banks.
• B)low profitability in larger banks.
• C)continuous formation of new banks.
• D)regulations prohibiting formation of branch banks.
• E)All the options are correct.

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Definitions:

Promisee

The person to whom a promise is made or a commitment is given.

Promisor

An individual or entity that makes a promise or agreement to perform a specified act or service in a contract.

Delegable

Refers to duties or tasks that can be assigned or transferred from one party (the delegator) to another (the delegatee), legally allowing for the completion of the task by someone other than the original party.

Duty

A moral or legal obligation to perform or refrain from performing a certain action.