Which of the following is true of unit banking?
a. It is the dominant form of banking in the United Sates.
b. It occurs when national banks open interstate branch offices.
c. It implies that every financial institution should maintain its account with the Federal Reserve.
d. It occurs when a bank is not allowed to operate in more than one location.
e. It refers to the monopolization of the banking industry.
d
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Which of the following illustrates a macroeconomic question?
A. What is the least costly way to produce automobiles and trucks in the United States? B. Should the salaries of financial executives be regulated by the government? C. Will the introduction of a new computer chip change the demand for computers? D. Are increasing wage demands by workers contributing to price inflation?
Per capita output would be certain to increase if:
A. real output decreases and population increases. B. both real output and population increase. C. both real output and population decrease. D. real output increases and population decreases.