Which of the following is not a reason why the Interstate Banking and Branching Efficiency (IBBEA) was enacted into law?
A) Banking restrictions such as limiting the entrance of large banks into smaller local markets were actually limiting competition.
B) More and more small banks were being bought out by aggressive corporate takeovers.
C) Banks had found loopholes that allowed them to engage in interstate branching.
D) Congress and the president were following the lead of the states; the states were forming regional banking pacts that allowed some interstate banking.
Correct Answer:
Verified
Q83: The McFadden Act was designed to do
Q84: State banks that are Fed members can
Q85: Which law effectively revoked the McFadden Act
Q86: The Interstate Banking and Branching Efficiency Act
Q87: Previously, entry and branching restrictions in the
Q89: During the period between 1929 and 1933,
A)more
Q90: During the period between 1929 and 1933,
Q91: Regulation Q refers to which of the
Q92: The Glass-Steagall Act of 1933 established which
Q93: The Glass-Steagall Act of 1933 was developed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents