Solved

The McFadden Act's Prohibition Against Interstate Branching

Question 75

Multiple Choice
The McFadden Act's prohibition against interstate branching

The McFadden Act's prohibition against interstate branching


A) was weakened by the introduction of shared electronic banking facilities that provide banking services nationwide.
B) was weakened by regional compacts that allowed banks to own banks in other states in their region.
C) impeded banks' ability to diversify their loans and take advantage of economies of scale.
D) did all of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents