The phrase dual banking system refers to
A) the system whereby bank holding companies are allowed to have branches in more than one state.
B) the system whereby depository institutions are regulated by at least two federal financial regulatory agencies.
C) the system whereby banks may have either a national or a state charter.
D) None of the above is correct.
Correct Answer:
Verified
Q6: In order to be a commercial bank
Q7: In order to be a commercial bank
Q8: In order to open, commercial banks must
Q9: When a bank is granted a charter
Q10: Who is the primary regulator of state-chartered,
Q12: Who regulates state-chartered, insured, Fed-member banks?
A)the Federal
Q13: Who regulates national banks that are not
Q14: Who is the primary regulator of national
Q15: Who regulates state-chartered, non-Fed-member, non-FDIC insured banks?
A)the
Q16: Commercial banks that are members of the
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