Hypothetical Question with Sample Answer iBank operates exclusively on the Web with no physical branch offi ces. Although some of iBank’s business is transacted with smart-card technology, most of its business with its customers is conducted through the mail. iBank offers free checking, no-fee money market accounts, mortgage refi nancing, and other services. With what regulation covering banks might iBank fi nd it diffi cult to comply, and what is the diffi culty?

—For a sample answer to Question 19–2, go to Appendix E at the end of this text.