Multiple Choice
Restrictions on branching occurred initially at the state level because
A) money center banks could not operate as correspondent banks.
B) small unit banks feared a loss of business from the larger branching banks.
C) of improved communications and customer needs.
D) of the lack of federal oversight.
E) money center banks could not operate as correspondent banks and small unit banks feared a loss of business from the larger branching banks.
Correct Answer:

Verified
Correct Answer:
Verified
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