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Which of the following is NOT true about banks? Multiple Choice Banks are tightly regulated by...

Which of the following is NOT true about banks?

Multiple Choice

  • Banks are tightly regulated by state and federal governments.

  • Banks are required to keep a certain amount of cash reserves.

  • Banks are an example of a financial intermediary.

  • Banks are sellers, not buyers, in the market for money.

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Answer #1

"A"

Banks are not regulated by the Federal and the state government, but by the FDIC and the FEd. the answer is "A". the office of the comptroller also regulate the banks in the US.

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