jon3799 jon3799

24-01-2020
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What is a state-chartered bank?
A. A nonprofit state-run service that accepts deposits, makes loans, and provides
other financial services
B. A bank that receives its charter from the state in which it operates
C. A bank in which all of the shareholders are residents of the state in which it
operates
D. A bank in which all of a state's residents are shareholders

Respuesta :

albertoaleman albertoaleman

24-01-2020

Answer:

B. A bank that receives its charter from the state in which it operates

Explanation:

This type of banks usually operate in one state, where they received their charter. They may apply or not to be a member bank in the Federal Reserve system. If they don´t, they operate only in their state and its regulated by state banking authorities.

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11-03-2021

Answer:

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Explanation:

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