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1 In the early 20th century, some U.S. state governments (e.g., Illinois) banned banks from opening multiple branches even within the state. A common explanation

1 In the early 20th century, some U.S. state governments (e.g., Illinois) banned banks from opening multiple branches even within the state. A common explanation for this choice is that: 1 point Larger, more geographically diversified banks might be more resilient. Smaller, less geographically diversified banks might be more resilient. Smaller banks might be too-big-to-fail. Larger banks might exploit monopoly power over customers

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