The Fact That Banks Can Be Either Nationally or State

question 95

Multiple Choice

The fact that banks can be either nationally or state chartered creates:

• A) situations where some banks go unregulated.
• B) situations where banks operating in more than one state can escape regulation.
• C) regulatory competition.
• D) banks being simultaneously regulated by more than one agency.

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Definitions:

Temptation

The desire to engage in short-term urges for enjoyment, often at the expense of long-term goals.

Prone To Errors

Having a high likelihood of making mistakes or encountering inaccuracies.

Inefficient

A situation or process that does not make the best or most effective use of resources, time, or energy.

Human Brain

The central organ of the human nervous system, responsible for thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.