In the U.S. today:
A) most banks are federally chartered.
B) most banks are state chartered.
C) there are approximately equal numbers of state and federally chartered banks.
D) all new banks are federally chartered.

Question

Quizplus · Accepted Answer

Most banks in the U.S. are state chartered, with each state having its own regulatory authority for banking. The Federal Reserve also regulates banks, but state charters still outnumber federal charters.

In the U.S. Today