Which of the Following Is the Purpose of the Bank

question 39

Multiple Choice

Which of the following is the purpose of the Bank Holding Company Act of 1956?​

• A)​To prevent bank holding companies from branching across state lines
• B)​To allow bank holding companies to open branches across state lines
• C)​To allow interstate bank mergers
• D)​To prevent banks from owning commercial firms

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Definitions:

Basic Development Projects

Initiatives or plans aimed at improving economic, social, or infrastructural conditions in a region or community.

World Bank

A global finance body that supplies loans and grants to the administrations of poorer nations aiming to undertake capital projects.

Collective Output

This term refers to the total production or output produced by a group or collective entity, such as a country or industry.

Foreign Aid

Financial assistance provided by one country to another, typically for development projects, humanitarian aid, or economic stabilization.