Finance Assignment
1. What is monetary policy?
2. Suppose the Fed purchases $500 million in government securities from a primary dealer. What will happen to the level of legal reserves in the banking system and by how much will they change?
3. How would you describe the size distribution of American banks and the concentration of industry assets in the U.S.?
4. What is a bank holding company?
5. What did the Riegle-Neal Interstate Banking Act do? Why was it passed into law?
6. Why is the creation (chartering) of new banks closely regulated? What about nonbank financial firms?
7. Who charters new banks in the U.S.?
8. What are the advantages of having a national bank charter? A state bank charter?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.