The US Banking System Is Considered to Be a Dual System

question 34

Multiple Choice

The U.S. banking system is considered to be a dual system because ________.

• A) banks offer both chequing and savings accounts
• B) it actually includes both banks and thrift institutions
• C) it is regulated by both state and federal governments
• D) it was established before the Civil War, requiring separate regulatory bodies for the North and South