Describe what a bank is allowed to do once it receives a state or national charter.

It permits the banking company to commence business as a bank by authorizing its banking operations.

Explanation:

The Office of the Comptroller of the Currency (OCC) is the only authority able to issue a federal or "national bank" charter, while any state (including Puerto Rico, District of Columbia and the Virgin Islands) is able to issue a state charter.  The OCC requires a viable and realistic business plan, after issuing the charter, they require reviews and notifications of advance of such plan.

answer; allows decision to stand;

i do not know the question, but all of the above are correct; ///good luck;