The regulatory system that has evolved in the United States whereby banks are regulated at the state level,the national level,or both,is known as a
A)bilateral regulatory system.
B)tiered regulatory system.
C)two-tiered regulatory system.
D)dual banking system.

Question

Quizplus · Accepted Answer

The term used to describe the regulatory system that has evolved in the United States whereby banks are regulated at the state level, the national level, or both, is a dual banking system. This system allows for both state and federal regulation of banks and is unique to the US.

The Regulatory System That Has Evolved in the United States