Critics of nationwide banking fear

Name: Critics of nationwide banking fear
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Critics of nationwide banking fear that it will lead to the elimination of community banks. Nationwide banks with larger resources and economies of scale can offer better rates and services, making it difficult for smaller community banks to compete. This can lead to the closure or acquisition of community banks, reducing access to local banking services and potentially harming the local economy.

Critics of Nationwide Banking Fear