Recent regulation such as the Riegle-Neal Act of 1994 has removed some of the federal banking laws that formerly constrained profitable opportunities for commercial banks. The Riegle-Neal Act removes the major restrictions on banks' ability to ________.

Question

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The Riegle-Neal Act of 1994 primarily removed restrictions on interstate banking, allowing banks to expand and diversify geographically by setting up branches in multiple states or acquiring banks in other states.

Recent Regulation Such as the Riegle-Neal Act of 1994 Has