21-37 Interstate banking barriers have deteriorated in part because of the decisions to deal with the failing thrift industry by allowing acquiring firms to cross state lines.

Question

Quizplus · Accepted Answer

The statement is true, as one of the ways to deal with failing thrift institutions was to allow acquiring banks to operate across state lines, which eventually led to the breakdown of interstate banking barriers.

21-37 Interstate Banking Barriers Have Deteriorated in Part Because of the Decisions