CFA Practice Question

There are 86 practice questions for this study session.

CFA Practice Question

In the U.S., a merger involving banks requires approvals from:

I. FTC.
II. State banking authorities.
III. Federal Reserve Bank.
IV. Federal Deposit Insurance Corporation (FDIC).
Correct Answer: I, II, III and IV

There is no need to memorize the answer. The point here is to know that mergers approval may be needed from other regulatory agencies besides FTC.

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