which of these indicates that a bank is likely to be answerable to the office of the comptroller of the…

which of these indicates that a bank is likely to be answerable to the office of the comptroller of the currency? a. the bank lists the initials \na\ after its name. b. the bank has the word \federal\ in its name. c. the bank is qualified to give loans. d. the bank is owned by the government. please select the best answer from the choices provided

which of these indicates that a bank is likely to be answerable to the office of the comptroller of the currency? a. the bank lists the initials \na\ after its name. b. the bank has the word \federal\ in its name. c. the bank is qualified to give loans. d. the bank is owned by the government. please select the best answer from the choices provided

Answer

Brief Explanations:

Banks with "NA" (National Association) after their name are national - chartered banks and are answerable to the Office of the Comptroller of the Currency. Just having "Federal" in the name doesn't necessarily mean it's under the OCC's purview. Many banks can give loans and being government - owned doesn't directly link to the OCC.

Answer:

A. The bank lists the initials "NA" after its name.