Banks exert some control over who will regulate them because banks:

Question

Quizplus · Accepted Answer

Banks have the option to choose between being regulated by state regulators or federal regulators by switching their charter from state to federal and vice versa. They do not have the right to decide on which regulator will oversee their bank or pay the salary of the regulator. While banks may spend money contributing to political campaigns, this does not necessarily give them control over the regulators.

Banks Exert Some Control Over Who Will Regulate Them Because