First National Bank is a wholly owned subsidiary of Bank Holding Company, Inc. Which of the following companies is NOT an affiliate of First National Bank?
A) A company that owns 60 percent of Bank Holding Company, Inc.
B) A company of which First National owns 100 percent of the stock, set up solely to hold the title to the First National Bank building
C) A company established to sell securities and that is 100 percent owned by Bank Holding Company, Inc.
D) Another bank that is owned by Bank Holding Company, Inc.
Correct Answer:
Verified
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