What is a state-chartered bank?

History

1 answer:

mrs_skeptik [129]3 years ago

3 0

Answer:

B. A bank that receives its charter from the state in which it operates

Explanation:

This type of banks usually operate in one state, where they received their charter. They may apply or not to be a member bank in the Federal Reserve system. If they don´t, they operate only in their state and its regulated by state banking authorities.

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Answer:

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Answer:

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vovikov84 [41]

Answer:

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Explanation:

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