Which of the following is true of unit banking?
A) It is the dominant form of banking in the United Sates.
B) It occurs when national banks open interstate branch offices.
C) It implies that every financial institution should maintain its account with the Federal Reserve.
D) It occurs when a bank is not allowed to operate in more than one location.
E) It refers to the monopolization of the banking industry.
Correct Answer:
Verified
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