Statement I: States that prohibit branch banking are unit banking states.
Statement II: To get a bank charter you need to demonstrate three things: (1) that your community needs a bank or an additional bank; (2) that you have enough capital to start a bank;and (3) that you are a good character.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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