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.

Question

Quizplus · Accepted Answer

Small unit banks feared a loss of business from the larger branching banks, so they sought to restrict their ability to expand and compete. These restrictions were initially enacted at the state level.

Restrictions on Branching Occurred Initially at the State Level Because