Previously, entry and branching restrictions in the banking industry have

Question

Quizplus · Accepted Answer

Entry and branching restrictions have limited competition in the banking industry, making it more difficult for new banks to enter the market and increase competition. The intent of these restrictions may have been to increase safety and stability in the industry, but the result has been a decrease in competition. There is no evidence to suggest that these restrictions have increased profits or efficiency.

Previously, Entry and Branching Restrictions in the Banking Industry Have