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Phantasy [73]
3 years ago
11

5. How does a state bank differ from a national bank? (state bank, national bank, national currency)

History
1 answer:
dedylja [7]3 years ago
7 0

Answer:

A national bank is regulated by the Comptroller of Currency, which is a federal agency. Therefore, a national bank follows federal regulations. A state bank is chartered and examined by the department of banking for the state that a particular state bank is operating within.

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