The Bank Merger Act of 1966 requires that all bank mergers be approved in advance by the banking agency having jurisdiction—that is, the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), or the Comptroller of the Currency
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which of the following is not one of the four steps of processing transactions?
A. Ensure assets are equal to liabilities. B. Post entry to ledger. C. Identify transactions and source documents. D. Analyze transactions using the accounting equation. E. Record journal entry.
Inbound logistics distributes goods and services to customers.
Answer the following statement true (T) or false (F)
The hallmarks of a weak-culture company DO NOT include
A. a "can-do" spirit, where people take pride in doing things right, no-excuses accountability, and a pervasive results-oriented work climate where people go the extra mile to meet or beat stretch objectives. B. a work climate where there is no strong employee allegiance to what the company stands for or to operating the business in well-defined ways. C. a lack of widely shared and strongly held values, principles, and behavioral norms. D. an environment where many employees' view their company as just a place to work and their job as just a way to make a living. E. a lack of cultural mechanisms for aligning, constraining, and regulating the actions, decisions, and behaviors of company personnel.
Peggy is an independent insurance agent who places substantial amounts of business with XYZ Insurance Company. XYZ pays Peggy a bonus when she meets a sales goal. XYZ also allows Peggy to recruit and train sub-agents
She receives additional commissions based on the sales generated by the sub-agents. Based on this description, we can conclude that Peggy is a A) direct writer. B) personal producing general agent. C) multiple line exclusive agent. D) broker.