Post a New Question

Bank Operations Question

posted by .

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?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Algebra 2

    A man is planning to invest up to $22,000in bank X or bank Y or both. He wants to invest at least $2,000 but no more than $14,000 in bank X. Bank Y doesn't insure more than a $15,000 investment so he will not invest no more than that …
  2. penn foster

    Dr. Bob applies for medical staff privileges at General Hospital. The hospital administrator?
  3. Finance

    You will need the following info to solve the problem: You can cover a sheet of paper with 6 $100 bills There are 500 sheets of paper in 1 ream There are 10 reams in 1 carton Imagine that you have inherited $1 million . The bank has …
  4. Math

    You will need the following info to solve the problem: You can cover a sheet of paper with 6 $100 bills There are 500 sheets of paper in 1 ream There are 10 reams in 1 carton Imagine that you have inherited $1 million . The bank has …
  5. Economics

    Bank A has a leverage ratio of 10, while Bank B has a leverage ratio of 20. Similar losses on bank loans at the two banks cause the value of their assets to fall by 7 percent. Which bank shows a larger change in bank capital?
  6. English

    You can send the money over the Internet. You don't have to go to the bank. (In the second sentence, what is the use of 'the' before bank?
  7. English-Writing

    can u please help me revise my introduction and conclusion paragraph with better wordings. Introduction paragraph I have chosen my career field as an accountant but I want to start it with being a bank teller. I want to become a bank …
  8. History

    5.)Which answer best describes how Maryland responded to the national bank created when the U.S. government tried to borrow money after the War of 1812?
  9. History

    5.)Which answer best describes why many of the states opposed the Second Bank of the United States?
  10. History

    Which answer best describes Andrew Jackson's view of a national bank?

More Similar Questions

Post a New Question