Origination of Unit Banking

Q.  Unit Banking system originated in which country?
- Published on 16 Feb 17

a. USA
b. France
c. India
d. England

ANSWER: USA
 
Unit banking refers to a bank that is a single, usually small bank that provides financial services to its local community.

A unit bank is independent and does not have any connecting banks - branches - in other areas.

These types of banks are more prevalent in the US.

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