Commercial banks have expanded their activities in each of the following ways EXCEPT
A)opening nonbank banks.
B)grandfathering previously permitted activities.
C)expanding off shore.
D)petitioning regulators for enhanced powers.
E)acquiring nonfinancial firms.

Question

Quizplus · Accepted Answer

While commercial banks have expanded their activities in various ways such as opening nonbank banks, expanding off shore, petitioning regulators for enhanced powers, and grandfathering previously permitted activities, they are not legally allowed to acquire nonfinancial firms. Therefore, choice E is the correct answer as it is the exception.

Commercial Banks Have Expanded Their Activities in Each of the Following