Question

A state bank receives its charter from the state in which it operates.

Question 10 options:
True
False

Answer 1

The correct answer is True.

Step-by-step explanation:

The concept of State Bank refers to when the State or public actors are the owners of the entity.

The charter of a financial institution or bank is the document that allows it to function and operate in the market, but this charter can be given by a private entity with authorization to operate or by the National State, in the latter case we speak of a state bank. Since the statement tells us that the charter was given by the national state, this is true.

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