The restriction that requires that banks operate in no more than one state is called:
A)asymmetric information.
B)unit banking.
C)moral hazard.
D)a negative externality.

Question

Quizplus · Accepted Answer

The restriction that requires that banks operate in no more than one state is called unit banking. This concept originated during the early 1900s in order to prevent concentration of banking power in a few large banks and to promote competition among smaller banks.

The Restriction That Requires That Banks Operate in No More