Community Banks Played Crucial Role In First Round Of PPP Funding
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor was initially thought to influence the distribution of PPP funds across states?
The size of the state's population
The political affiliation of the state
The state's geographical location
The number of small businesses in the state
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why were community banks more effective in processing PPP loans compared to larger banks?
They were located in urban areas
They had more employees
They had pre-existing relationships with local customers
They had more financial resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which areas do community banks still hold a significant presence?
Industrial zones
Coastal regions
Rural areas
Urban areas
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major challenge for states like Nevada in receiving PPP funds?
Lack of community banks
High number of applications
Strict federal regulations
Limited state budget
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the legislative response to the challenges faced in the first round of PPP funding?
Reducing the number of eligible businesses
Earmarking funds specifically for smaller banks
Increasing the total funding amount
Extending the application deadline
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