Which of the Following Is Not a Reason Why the Interstate

Multiple Choice

Which of the following is not a reason why the Interstate Banking and Branching Efficiency (IBBEA) was enacted into law?

A) Banking restrictions such as limiting the entrance of large banks into smaller local markets were actually limiting competition.
B) More and more small banks were being bought out by aggressive corporate takeovers.
C) Banks had found loopholes that allowed them to engage in interstate branching.
D) Congress and the president were following the lead of the states; the states were forming regional banking pacts that allowed some interstate banking.