Agro Co-op,Inc.,and Bio Feed Corporation are exporting firms that join together to export a line of products.Agro Co-op and Bio Feed apply to Charter Bank for a loan to fund their effort.Under federal law,Charter and other U.S.banks are
A) encouraged by credit guaranties to lend such funds.
B) discouraged by administrative rules to make such loans.
C) asked by enforcement agencies to report such requests.
D) banned by statute from opening such credit lines.
Correct Answer:
Verified
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