What is the fdic and why was it established

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1. What are state banks? What are national banks? Why is the United States said to have a dual banking system?

2. What is the FDIC? Why was it established?

3. Why did nationwide banking come relatively late to the United States compared with other countries?

4. What are off-balance-sheet activities? List four off-balance-sheet activities and briefly explain what they are.

Reference no: EM131304996

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