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.

Question

Quizplus · Accepted Answer

Small unit banks feared losing business to larger branching banks, leading to restrictions on branching at the state level. Money center banks were not yet a prominent issue, and federal oversight was not yet established. Improved communications and customer needs may have played a role, but the primary reason for restrictions on branching was the fear of smaller banks losing business.

Restrictions on Branching Occurred Initially at the State Level Because