Legislations restricting geographic expansion have been undermined in all of the following ways EXCEPT
A)regional banking pacts.
B)purchase of troubled banks.
C)opening of nonbank banks.
D)acquisition of subsidiaries.
E)acquisition of insurance companies out of state.

Question

Quizplus · Accepted Answer

Legislations restricting geographic expansion in the banking sector have been circumvented through various means such as regional banking pacts, which allow banks to operate in multiple states within a certain region; the purchase of troubled banks, which can provide a loophole to enter new markets; the opening of nonbank banks, which perform banking functions but do not technically qualify as banks and thus are not subject to the same restrictions; and the acquisition of subsidiaries, which can also serve as a method to expand geographically. However, the acquisition of insurance companies out of state does not directly relate to circumventing geographic expansion restrictions in banking, as insurance and banking are regulated differently.

Legislations Restricting Geographic Expansion Have Been Undermined in All of the Following