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Which would provide a bank holding company with guidance on the types of nonbanking activities it can engage in? Interstate Banking and Branching Efficiency ActRegulation QRegulation YNo guidance is needed as there are no restrictions on nonbanking activities

Question
  • Which would provide a bank holding company with guidance on the types of nonbanking activities it can engage in?

 

  1. Interstate Banking and Branching Efficiency Act
  2. Regulation Q
  3. Regulation Y
  4. No guidance is needed as there are no restrictions on nonbanking activities
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Step 1

Bank Holding Companies are governed by Bank Holding Company Act (BHC Act) of 1956, which gives Federal Reserves the authority to govern and structure, according to which a company in the US can own a bank. Both banking...

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