Today the United States has a dual banking system in which banks supervised by the ________ and by the ________ operate side by side.
A)federal government;municipalities
B)state governments;municipalities
C)federal government;states
D)municipalities;states

Question

Quizplus · Accepted Answer

The dual banking system in the United States consists of banks supervised by both the federal government (through agencies such as the Federal Reserve System and the Office of the Comptroller of the Currency) and by the states. The other choices do not accurately reflect the current banking system in the US.

Today the United States Has a Dual Banking System in Which