The Dual Banking System

question 26

Multiple Choice

The dual banking system

• A)was thought to foster competition and innovation among banks.
• B)has resulted in a large number of small banks and a small number of large banks.
• C)means that banks can have a federal or national charter.
• D)All of the above are correct.

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Definitions:

Mumps

A contagious viral infection characterized by the swelling of the salivary glands, leading to puffy cheeks and a swollen jaw.

Pediculosis

Infestation with lice on the human body, typically affecting the head, and characterized by itching and irritation.

Insecticide

Chemical substances used to kill insects, often utilized in agriculture and pest control.

Dryclean

A method of cleaning clothes and fabrics using a chemical solvent other than water, effectively removing stains without damaging the material.