The United States Has a Dual Banking System, Which Means

question 8

Multiple Choice

The United States has a dual banking system, which means that a bank

• A)has two regulators.
• B)may hold its reserves either in the form of vault cash or as deposits at a Federal Reserve Bank.
• C)may take out a primary credit discount loan or a secondary credit discount loan.
• D)may choose whether to be chartered by federal government authorities or by a state government.

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