The regulatory system that has evolved in the United States whereby banks are regulated at the state level, the national level, or both, is known as a
A. bilateral regulatory system.
B. tiered regulatory system.
C. two-tiered regulatory system.
D. dual banking system.
Answer:D
The regulatory system that has evolved in the United States whereby banks are regulated at the state level, the national level, or both, is known as a
A. bilateral regulatory system. B. tiered regulatory system. C. two-tiered regulatory system. D. dual banking system.