3 years ago

- Most banks are established

Business

1 answer:

slavikrds [6]3 years ago

5 0

Answer:

a. as corporations.

Explanation:

Local governments cannot establish banks. Therefore, option B is the wrong answer.

A bank cannot be a credit union. It is a member-owned cooperative business that shares profit. Therefore, option C is not the answer.

The only central bank is established to fulfill the reserve requirement. Hence, option D is incorrect.

Banks are established by the help of institutional investors or shareholders' equity. Therefore, most banks are established as a corporation. So, option A is the answer.

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