Multiple choice general knowledge

Bank of America started operations as Bank of Italy.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Bank of America was originally founded as the Bank of Italy in 1904 by Amadeo Giannini to serve immigrants in San Francisco. The name was changed to Bank of America in 1930 as the bank expanded its reach beyond the Italian-American community.