Which of the following institutions is exempt from the coverage of CRA?
A) State National Bank of Ashgrove, a $15 million bank in a rural community, not located in an MSA
B) Trust Company, Inc., an institution offering only trust services located in a large urban area
C) ACME Savings Association, a federal thrift institution located in a mediumsized midwestern city, included in an MSA
D) First National Bank, a $250 million bank located in a rural area, not in an MSA
Correct Answer:
Verified
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