The holding-company device to control two or more commercial banks:

a. has diminished in importance in recent years
b. has increased in importance in recent years
c. is limited to state chartered banks
d. is sometimes described as chain banking

Answer: b. has increased in importance in recent years

Business

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a. True b. False

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Sales commissions are classified as

a. overhead costs b. period costs. c. product costs. d. indirect labor.

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