11
QuizMultiple Choice

Regulatory Policy

Question 11 • * HSA 26-27 Economics

Which regulatory agencies provide general oversight for the banking industry?

Answer
t
the Fed and the FDIC
t
the Fed and OSHA
t
the FDIC and the EPA
t
the FDIC and the FDA

Explanation

The Federal Reserve (the Fed) oversees important parts of the banking system, including bank holding companies and monetary policy. The Federal Deposit Insurance Corporation (FDIC) insures deposits and supervises many banks. OSHA, the EPA, and the FDA regulate workplace safety, environmental protection, and food and drugs, respectively, not banking.

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