Under the feasibility standard adopted by the Comptroller of the Currency,applicants for a national bank charter are required to submit _____________,which contains a description of the proposed bank and its marketing,management,and financial plans.
A)memorandum of association
B)articles of association
C)a business plan
D)a merger plan
E)a contingency plan

Question

Quizplus · Accepted Answer

The feasibility standard adopted by the Comptroller of the Currency requires applicants for a national bank charter to submit a business plan, which contains a description of the proposed bank and its marketing, management, and financial plans. Memorandum of association and articles of association are both documents related to the incorporation of a company, while a merger plan and a contingency plan are not directly relevant to the application process for a national bank charter.

Under the Feasibility Standard Adopted by the Comptroller of the Currency,applicants