One of the concerns of increased bank consolidation is the reduction in community banks which could result in
A)less lending to small businesses.
B)loss of cultural identity.
C)higher interest rates.
D)more bank regulation.

Question

Quizplus · Accepted Answer

Community banks are often the ones that provide loans to small businesses in the area. If there are fewer community banks due to bank consolidation, there may be a reduction in lending to small businesses, which could hurt the local economy.

One of the Concerns of Increased Bank Consolidation Is the Reduction