What Is the Defining Characteristic of the Dual Banking System

question 87

Multiple Choice

What is the defining characteristic of the dual banking system?

• A)Coexistence of parent and holding companies.
• B)Coexistence of both nationally chartered and state chartered banks.
• C)Control of nationally chartered and state chartered banks by the state regulators.
• D)Control of nationally chartered banks by both FRS and State bank regulators.
• E)Nonbanking companies carrying out both banking and other activities.

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Definitions:

Mortality

The incidence or risk of death within a population or group.

Resilience

The capacity to recover quickly from difficulties; toughness.

Presbycusis

Loss of acuteness of hearing due to age-related degenerative changes in the ear.

Degenerative Changes

The process involving the gradual deterioration of the structure or function of tissues, organs, or the entire organism, often associated with aging.