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

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Definitions:

Commonwealth Vs. Hunt

A landmark legal case from 1842 in which the Massachusetts Supreme Court ruled that labor unions were not necessarily illegal and that workers could organize strikes to achieve their goals, setting a precedent for labor rights in the United States.

Development Of Unions

The historical growth and establishment of labor unions as organizations that represent workers' interests in various industries.

Railway Labor Act

A U.S. federal law enacted in 1926 that governs labor relations in the railroad and airline industries, aiming to prevent service disruptions and facilitate dispute resolution between employers and employees.

National Labor Legislation

laws enacted by a government to regulate labor relations, worker rights, and union activities within a country.