Question

v

To obtain a charter, or the right to operate, a national bank must apply to the _____

Group of answer choices

U.S. Comptroller of the Currency.

Department of the Treasury.

Office of Domestic Finance.

Federal Reserve.

state banking authority.

Answer 1

To obtain a charter, or the right to operate, a national bank must apply to the Federal Reserve has federal reserve is a governing body for all the banks to operate and that is the reason why it can be mentioned that

(d) Federal Reserve is the answer to this question

because Federal Reserve is the answer to the question where the United States controller of currency and the department of treasury and the state banking authorities don't have the right to give permission for the national bank bank to charter

(a,b,c,e) are wrong options