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which regulatory agency has the primary responsibility for supervising the following 637388

1. Why was the United States one of the last of the major industrialized countries to have a central bank?

2. Which regulatory agency has the primary responsibility for supervising the following categories of commercial banks?

a. National banks

b. Bank holding companies

c. Non Federal Reserve member state banks

d. Federal Reserve member state banks

3. The commercial banking industry in Canada is less competitive than the commercial banking industry in the United States because in Canada only a few large banks dominate the industry, while in the United States there are around 7,500 commercial banks.” Is this statement true, false, or uncertain? Explain your answer.

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