Which of the Following Is True of Unit Banking

question 67

Multiple Choice

Which of the following is true of unit banking?

• A)It is the dominant form of banking in the United Sates.
• B)It occurs when national banks open interstate branch offices.
• C)It implies that every financial institution should maintain its account with the Federal Reserve.
• D)It occurs when a bank is not allowed to operate in more than one location.
• E)It refers to the monopolization of the banking industry.

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