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What is a financial intermediary

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Question 1: How does the most recent 2008-09 recession differ from most other economic recessions since the Great Depression?

Question 2: What is a bank? How does a bank differ from most other financial-service providers?

Question 3: Which businesses are banking's closest and toughest competitors? What services do they offer that compete directly with banks' services?

Question 4: Why are banks special?

Question 5: What is a financial intermediary? What are its key characteristics? Is a bank a type of financial intermediary?

Question 6: What are the reasons for regulating the functions of banks?

Question 7: What is the dual banking system?

Question 8: What is the principal role of the Comptroller of the Currency?

Question 9: What is the principal job performed by the FDIC?

Question 10: What key roles does the Federal Reserve System perform in the banking and financial system?

Question 11: What is the Glass-Steagall Act, and why was it important in banking history?

Question 12: What are the main ideas of the Federal Deposit Insurance Corporation Improvement Act of 1991?

Reference no: EM132448254

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