Restrictions on branching occurred initially at the state level because
A)money center banks feared a loss of correspondent business.
B)small unit banks feared a loss of business from the larger branching banks.
C)improved communications and customer needs.
D)All of the above.
E)Answers A and B only.

Question

Quizplus · Accepted Answer

The fear of a loss of business from larger branching banks was a concern for small unit banks, while money center banks were worried about losing correspondent business. Additionally, improved communication and changing customer needs also played a role in the initial restrictions on branching at the state level. Therefore, both answer choices A and B are correct, making E the best answer.

Restrictions on Branching Occurred Initially at the State Level Because