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Question
Denomination intermediation is best exemplified bya. issuing insured deposits and making risky business loans.
b. bringing together investors of different religions
c. issuing five $3,000 CDs and making one $15,000 loan.
d. promising liquidity to surplus spending units (SSUs) while investing the funds long-term
Answer
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Related questions
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a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
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Financial institutions are regulated for the following reason(s):
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Banks are regulated in part to protect the nation's money supply, much of which is a liability of the banking industry.
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A "too big to fail" policy encourages small banks to take higher risks.
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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A foreign branch office of a U.S. bank is regulated by
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c. the FDIC.
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