Homework Help: Bank Operations Question

Posted by Matt on Friday, August 12, 2005 at 5:21pm.

Say you want to start a "National Bank". Thus you will need a piece of paper that is like a license to start a bank. What is that paper called? And what is the name of the government agency that you would get that paper from?

If you are in a beginning course, the operative word is "charter". If you are more advanced, the letter you seek is the final approval letter.

Say you want to start a "National Bank". Thus you will need a piece of paper that is like a license to start a bank. What is that paper called? And what is the name of the government agency that you would get that paper from?

No one has answered this question yet.

Answer this Question

Related Questions

Economics - Bank A has a leverage ratio of 10, while Bank B has a leverage ratio...
penn foster - Dr. Bob applies for medical staff privileges at General Hospital. ...
Algebra 2 - A man is planning to invest up to $22,000in bank X or bank Y or both...
American History - 1. Andrew Jackson exerted the power of the presidency by a. ...
law - Dr. Bob applies for medical staff privileges at General Hospital. The ...
general law - Dr. Bob applies for medical staff privileges at General Hospital. ...
I need help answering this Accounting question!? - Bluejay Corp. prepared a bank...
Pre-Calculus - . Margaret is planning to invest up to $22,000 in ...
math algebra - Mrs. martinez has $10,000 to invest.One bank offers her a return ...
Math - Jamaal is planning to invest up to $23000 in City Bank or State Bank. He...

For Further Reading

First Name:
School Subject:
Answer: