Business > EXAM > Banking Strategies & Policies Exam 1 CH2 | 50 Questions with 100% Correct Answers | Updated & Verifi (All)
Banking Strategies & Policies Exam 1 CH2 | 50 Questions with 100% Correct Answers | Updated & Verified
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Why are banks closely regulated? - ANS - * Banks are among the leading repositories of the public's savings *because of their power to create money in the form of readily spendable deposits by makin... g loans and investments * Banks have a long history of involvement with federal, state, and local governments In the United States, banks are regulated through - ANS - a dual banking system - Both federal and state authorities have significant regulatory powers Regulatory dialectic - ANS - Financial-service managers will search to find ways around new rules in order to reduce costs and allow innovation to occur What does the Federal Reserve System (FED) do - ANS - Supervises and examines all statechartered member banks and bank holding companies [Show More]
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