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Question
What was the primary objective of the Bank Holding Company Act of 1956?
A. Permitted bank holding companies to acquire banks in other states.
B. Restricted the banking and nonbanking acquisition activities of multibank holding companies.
C. Regulated foreign bank branches and agencies in the United States.
D. Bank holding companies were permitted to convert out-of-state subsidiary banks into branches of a single interstate bank.
E. Allowed for the creation of a financial services holding company.
Answer
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