Which of the following is a TRUE statement concerning bank holding companies?
A. Bank holding companies own few large banks.
B. Bank holding companies have experienced dramatic growth in the past three decades.
C. The McFadden Act has prevented bank holding companies from establishing branch banks.
D. Bank holding companies can own only banks.
Answer:B
Which of the following is a TRUE statement concerning bank holding companies?
A. Bank holding companies own few large banks. B. Bank holding companies have experienced dramatic growth in the past three decades. C. The McFadden Act has prevented bank holding companies from establishing branch banks. D. Bank holding companies can own only banks.