U.S.banking laws require the organizers of a proposed new bank to demonstrate:
A)adequate future earnings prospects.
B)adequate owners' capital availability.
C)evidence of a public need for a new bank.
D)existing banks will not be endangered.
E)All of the options are correct.

Question

Quizplus · Accepted Answer

All of the options are correct. U.S. banking laws require the organizers of a proposed new bank to demonstrate adequate earnings prospects, availability of capital, evidence of public need, and that existing banks will not be endangered. This is to ensure the stability and safety of the banking system as a whole.

USBanking Laws Require the Organizers of a Proposed New Bank