A New Charter to Start a State Bank Must Be

question 57

Multiple Choice

A new charter to start a state bank must be obtained from the:

• A) Federal Reserve.
• B) Federal Deposit Insurance Corporation.
• C) Office of the Comptroller of the Currency.
• D) Office of Thrift Supervision.
• E) State banking department.

---

Definitions:

Comparative Negligence

A legal doctrine that reduces the claimant's damages award proportionate to their degree of fault in causing the harm or loss.

Product Misuse

Product misuse occurs when a consumer uses a product in a way not intended by the manufacturer, potentially resulting in harm or damage.

Product Liability

The area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.

Safety Gear

Equipment or clothing designed to protect individuals from injury or harm, especially in hazardous work environments or activities.