Unit banks
A) have no branches.
B) have a local monopoly.
C) had little incentive to innovate.
D) all of the above.

Name: Unit banks A) have no branches. B) have a local monopoly. C) had little incentive to innovate. D) all of the above.
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Question

Quizplus · Accepted Answer

Unit banks are characterized by having no branches, often resulting in a local monopoly, and historically, they had little incentive to innovate due to their unique market position and lack of competition.

Unit Banks