Which of the Following Statements Concerning Bank Regulation in the United

question 11

Multiple Choice

Which of the following statements concerning bank regulation in the United States is TRUE?

• A)The Office of the Comptroller of the Currency has the primary responsibility for state banks that are members of the Federal Reserve System.
• B)The Federal Reserve and the state banking authorities jointly have responsibility for the state banks that are members of the Federal Reserve System.
• C)The Office of the Comptroller of the Currency has sole regulatory responsibility over bank holding companies.
• D)The state banking authorities have sole regulatory responsibility for all state banks.