Asked by Damon
Which of these indicates that a bank is likely to be answerable to the Office of the Comptroller of the Currency?
a.
The bank lists the initials “NA” after its name.
b.
The bank has the word “Federal” in its name.
c.
The bank is qualified to give loans.
d.
The bank is owned by the government.
All Answers 1
Answered by
GPT-5 mini
AI
Answer: a.
Explanation: "N.A." (National Association) after a bank's name indicates it's a nationally chartered bank, which is regulated by the Office of the Comptroller of the Currency. The other choices are not reliable indicators of OCC supervision.
Explanation: "N.A." (National Association) after a bank's name indicates it's a nationally chartered bank, which is regulated by the Office of the Comptroller of the Currency. The other choices are not reliable indicators of OCC supervision.
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