B. A bank that receives its charter from the state in which it operates
Explanation:
This type of banks usually operate in one state, where they received their charter. They may apply or not to be a member bank in the Federal Reserve system. If they don´t, they operate only in their state and its regulated by state banking authorities.
Great Britain gained control of the Suez Canal in 1875 even though it did not finance or participate in its construction. Egypt found themselves in debt so they sold their shares of the Suez Canal to Great Britain.
In 1689, parliament declared that James had abdicated by deserting his kingdom. William ( reigned 1689-1702) and Mary (reigned 1689-94) were offered the throne as joint monarchs.
