Today the United States Has a Dual Banking System in Which

question 135

Multiple Choice

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

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Definitions:

Tenants

Individuals or entities that occupy property or land rented from a landlord and are subject to the terms of a lease.

Tenancy in Common

A form of joint ownership of property in which each owner holds an undivided interest without right of survivorship.

Corporation

A legal entity separate from its owners, providing limited liability protection to its shareholders, and possessing the ability to own property, enter contracts, and sue or be sued.

Fixture

An item that was once movable personal property but has been attached to, and becomes part of, the real estate.