If someone wants to start a bank today they would have to:
A) obtain a charter from the federal government.
B) simply have $5 million is startup capital, a charter is no longer needed.
C) obtain a charter either from the federal or state government.
D) obtain a state charter, the federal government stopped issuing charters in 1970.
Correct Answer:
Verified
Q2: Prior to the Civil War most state
Q3: Banks exert some control over who will
Q4: When compared to Canada or Japan, the
Q5: One of the results of the limit
Q6: The dual banking system in the U.S.
Q7: In recent years the U.S. banking structure
Q8: Which of the following statements most accurately
Q9: In the U.S. today:
A) most banks are
Q10: Many states prohibited bank branching because of
Q11: Unit banks are:
A) banks with no branches.
B)
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