Question
Any type of banking business facility that is located
separately from the bank's main location is known as ______ service bank.Solution
Any type of banking business facility that is located separately from the bank's main location. At these locations, banks may take customer deposits, but the bank cannot make loans or offer trust services there. Limited service banks only exist in unit banking states, where operation of more than a single full-servicebankbranchisprohibited.
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