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

Question

Quizplus · Accepted Answer

The U.S. banking system is considered dual because it is regulated by both state and federal governments, allowing for a complex system of oversight and regulation across different jurisdictions.

The US Banking System Is Considered to Be a Dual System