The Regulatory System That Permitted the Organization of a Bank

question 31

Multiple Choice

The regulatory system that permitted the organization of a bank by any group that met certain criteria is known as a ________.

• A) bilateral regulatory system
• B) tiered regulatory system
• C) two-tiered regulatory system
• D) free banking system

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Definitions:

Downward Communication

Information flow from the higher levels of a hierarchy to the lower levels, typically used for instructions, performance feedback, and policy announcements.

Organizational Goals

The objectives or targets that an organization aims to achieve, which guide its operations and strategy.

Informal Networks

Informal networks refer to the social connections and channels of communication within an organization that are not officially designated or structured but play a crucial role in information flow and collaboration.

Downward Communication

A form of organizational communication that flows from higher levels of the hierarchy (such as managers) to lower levels (like employees), often used to provide instructions, feedback, or information about decisions.