The United States has a very large number of commercial banks compared to other countries because of
A) Cost considerations
B) Historically, many states have had unit banking restrictions
C) Federal deposit insurance restrictions
D) Regulatory compliance considerations
Correct Answer:
Verified
Q1: The evidence relating to economies of scale
Q3: The interbank market in the United States
A)
Q4: The interbank market
A) Causes interest rates across
Q5: Economies of scope
A) Argue for complementary financial
Q6: The Glass-Steagall Act of 1933
A) Prohibited branching
Q7: Savings (or thrift) institutions historically
A) Focused on
Q8: Credit unions
A) Typically are small
B) Offer retail
Q9: Providing umbrella regulation over bank holding companies
Q10: The national treatment principle
A) Permits foreign-owned banking
Q11: Regulatory capital standards
A) Are based on the
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