A group of six investors wants to open a new bank.In their application to the Comptroller of the Currency,they discuss that the community they want to do business in has a median income of $55,000,that there are approximately 75,000 homes in the community,and that there is approximately $5.6 million in sales generated in the community on any given day.Which decision factor are the investors discussing for seeking a new charter?
A)The level of economic activity in the community
B)The growth of economic activity in the community
C)The need for a new financial firm
D)The strength and character of the local competition
E)None of the options are correct

Question

Quizplus · Accepted Answer

The investors are discussing the level of economic activity in the community, as evidenced by the median income and sales generated in the community.

A Group of Six Investors Wants to Open a New