0
What else can I help you with?
What new federal agencies increased the government's power to regulate the economy?
The new federal agencies that increased the government's power to regulate the economy is the federal banking system. This has made it possible to monitor and control the economy of the country.
What two important precedents were established for the federal government in the US?
The two important precedents that were established for the federal government in the U.S. was a strong central government and a National Banking System
Why is the federal government responsible for money and banking?
If the federal government wasn't in charge it would be a mess. That would mean there would 50 different kinds money and no rules on banks. It falls to the federal government to make sure the money is good for the United States and overseas.
In an effort to assert government control over the nations banking sytem Wilson and progressive members of congress?
created the federal reserve system
What statement about federal reserve not true?
A statement that is not true about the Federal Reserve is that it is a private bank that operates independently of the U.S. government. In reality, while the Federal Reserve has some independence in its operations, it is a central banking system created by Congress and is subject to oversight and regulation by the government. Additionally, its decisions are influenced by economic conditions and policies set by the government.
What is the job of ben bernanke?
Chairman of the Federal Reserve. They are mandated to regulate the banking industry and serve as general stewards of the US economy.
What new federal agencies increased the government's power to regulate the economy?
The new federal agencies that increased the government's power to regulate the economy is the federal banking system. This has made it possible to monitor and control the economy of the country.
What is very strict organization that regulates the banking industry?
There are many organizations across the globe that regulate the banking industry. Each country has one. For ex: Reserve Bank of India in India, the Federal Reserve in USA, etc. every country that has banks usually has one such organization to regulate it.
What requirement to get ATM?
In order to get an ATM, you will have to acquire enough capital to open a bank. Upon doing so, you will have to be granted a charter by your local state government and pass certain banking requirements by several Federal government commissions designed to regulate the banking industry. With that in mind, best of luck in your endeavor, good sir!
What industry did the federal act mainly affect?
The Federal Reserve Act mainly affected the banking industry.
What industry does banking come under?
Banking falls under the financial industry. The Federal Reserve is the central banking system of the US. Each state has its own Department of Financial Institutions, which oversees the banking industry.
Do the federal government control banks?
The federal government does not directly control banks, but it does regulate them through various agencies, such as the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC). These agencies establish rules and guidelines to ensure the stability and integrity of the banking system, oversee compliance with banking laws, and protect consumers. Additionally, the government can influence monetary policy through the Federal Reserve, impacting how banks operate.
Why do the government regulate the banking system?
Regulations are important to monitor the credit
How does the French government deal with the banking industry?
tendency to interfere with the banking industry if prospective acquisitions appeared to threaten jobs.
What industry did the federal reserve act mainly affect-?
The Federal Reserve Act mainly affected the banking industry.
Which of these is a very strict organization that regulates the banking industry?
Federal Reserve Bank
What organization is a very strict that regulates the banking industry?
federal reserve bank;)
