The dual banking system in the U.S. today refers to:
A) a bank's ability to issue checking and saving accounts.
B) a bank's ability to own another financial institution.
C) the ability of banks to be either federally or state chartered.
D) a deposit institution's decision to be either a bank or a savings and loan.

Question

Quizplus · Accepted Answer

The dual banking system refers to the ability of banks to be chartered at either the state or federal level. This system allows for some regulatory flexibility and competition between states in terms of banking laws and regulations.

The Dual Banking System in the U