If bank managers lobby to maintain America's traditional "dual banking" structure,they want
A) an option of either federal or state bank chartering.
B) to maintain the right to make loans and take deposits.
C) the right to fight competition.
D) the option of remaining a bank or a bank holding company.
E) All of the above.

Question

Quizplus · Accepted Answer

The "dual banking" system in the United States allows banks to choose between a federal charter and a state charter. This system provides flexibility in regulation and oversight, depending on the charter chosen.

If Bank Managers Lobby to Maintain America's Traditional "Dual Banking