131
QuizMultiple Choice

Home Ownership — Cumulative exam

Question 131 • Financial Math - MA2007

Which of these indicates that a bank is likely to be answerable to the Office of the Comptroller of the Currency?

Answer
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.

Explanation

The initials “NA” stand for “National Association,” which is commonly used in the names of national banks. National banks are chartered and regulated by the Office of the Comptroller of the Currency (OCC), so those initials indicate the bank is likely answerable to the OCC. Having “Federal” in its name, making loans, or being government-owned does not by itself establish that relationship.

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