Bank failures and mergers have caused the number of commercial banks in the U.S.to decline from around ________ in the 1970s to below ________ today.
A) 25,000; 10,000
B) 15,000; 8,000
C) 25,000; 20,000
D) 15,000; 5,000
Correct Answer:
Verified
Q67: The presence of so many commercial banks
Q68: The most important developments that have reduced
Q69: The McFadden Act of 1927
A) effectively prohibited
Q70: As a result of shared electronic banking
Q71: The traditional financial intermediation role of banking
Q73: The process in which people seeking higher
Q74: A bank with a large credit-card customer
Q75: The McFadden Act's prohibition against interstate branching
A)
Q76: The most important developments that have reduced
Q77: The legislation that effectively prohibited banks from
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