Which of the following statements concerning bank regulation in the United States is TRUE?

A) The Office of the Comptroller of the Currency has the primary responsibility for state banks that are members of the Federal Reserve System.
B) The Federal Reserve and the state banking authorities jointly have responsibility for the state banks that are members of the Federal Reserve System.
C) The Office of the Comptroller of the Currency has sole regulatory responsibility over bank holding companies.
D) The state banking authorities have sole regulatory responsibility for all state banks.

B

Economics

You might also like to view...

Head Start helps disadvantaged children in their preschool years

Indicate whether the statement is true or false

Economics

Assume a nation has a fixed exchange rate, and the central bank increases the required reserve ratio. What is the net effect on the monetary base (given fixed exchange rates)? Answer assuming all the adjustments have worked their way through the macroeconomic system, and it is in equilibrium

a. The monetary base rises. b. The monetary base falls. c. The monetary base is not affected in this example. d. The monetary base can not change because of the "Impossible Trilogy." e. The change in the monetary base is ambiguous.

Economics