A group of six investors wants to open a new bank.In their application to the Comptroller of the Currency,they discuss that the population per banking office has risen to 6,000.In addition,growth in the community is to the west of town and there is only one bank serving that part of the community.Also,a new housing subdivision has just started in this part of town that should include 350 new homes.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 growth in the local competition
E)None of the options are correct

Question

Quizplus · Accepted Answer

The investors are discussing the need for a new financial firm due to the population per banking office ratio, growth in the community, and lack of banking services in the growing western part of town with 350 new homes being built.

A Group of Six Investors Wants to Open a New