Which of the following is a true statement concerning bank holding companies?
A) Bank holding companies own few large banks.
B) Bank holding companies have experienced dramatic growth in the past three decades.
C) The McFadden Act has prevented bank holding companies from establishing branch banks.
D) Bank holding companies can own only banks.

Question

Quizplus · Accepted Answer

Bank holding companies have indeed experienced dramatic growth in the past three decades. In fact, since the late 1970s, the number of bank holding companies has increased significantly, and they now control a majority of U.S. banking assets. The other options are not true statements.

Which of the Following Is a True Statement Concerning Bank