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Chapter 11: Q 6 (page 316)

Why did new technology make it harder to enforce limitations on bank branching?

Short Answer

Expert verified

New technology normally expanded the range of banks, making it harder for controllers to restrict their branching capacities.

Step by step solution

01

Introduction

A system in which a bank providesservices to several branch offices is known as bank branching.

02

Explanation

New technology made it harder to enforce limitations on bank branching since it changed supply conditions. Such innovation diminished the expense of handling financial transactions and spread information rapidly, empowering banks to work with their clients through e-banking rather than with a person. This normally expanded the range of banks, making it harder for controllers to restrict their branching capacities.

03

Final answer

New technology normally expanded the range of banks, making it harder for controllers to restrict their branching capacities.

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