Which of the following statements is most correct?
A) New capital adequacy standards were established for foreign banking offices in this country to achieve an 8% risk-based capital ratio by the end of 1992 in order to conform to domestic bank requirements.
B) The proportion of branch banking offices has doubled since 1951.
C) The National Banking Act provided that national banks could issue their own paper money secured either by their own deposits or government bonds.
D) All the above statements are equally correct.
Correct Answer:
Verified
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