The result of regulation on the banking system in the U.S.was
A) government take-over of the banking industry.
B) centralization of the banking system.
C) creation of a cabinet-level oversight agency.
D) a highly fragmented, decentralized system.
E) creation of an independent industry watchdog group to oversee the banking system.

Question

Quizplus · Accepted Answer

The regulation of the banking system in the U.S. led to a highly fragmented, decentralized system, characterized by a large number of banks operating under different regulations depending on their state and whether they are nationally chartered.

The Result of Regulation on the Banking System in the U.S.was