Unit banking means a bank may have only one full-service office. The bank does not have any branch offices and the entire banking operation is conducted through a single office. This was a common banking structure in the United States in the 19th and early 20th centuries.

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Unit Banking Means

Question 146

Multiple Choice

Unit banking means

A) a bank may have only one full-service office.
B) the bank is owned by a unit trust.
C) all branch offices are controlled by a central unit.
D) banks must use the number of deposit units to report their size.

Correct Answer: