First State Bank has fourteen branch offices. First State must establish market areas contiguous to these offices under
A) the Community Reinvestment Act.
B) the Federal Reserve Board's Regulation E.
C) the Federal Trade Commission Act.
D) the Home Mortgage Disclosure Act.

Question

Quizplus · Accepted Answer

The Community Reinvestment Act requires banks to serve the credit needs of their entire community, including low- and moderate-income areas. To ensure compliance, banks like First State must establish market areas contiguous to their branch offices.

First State Bank Has Fourteen Branch Offices