Bank Operations Question

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?

  1. 👍 0
  2. 👎 0
  3. 👁 84
asked by Matt

Respond to this Question

First Name

Your Response

Similar Questions

  1. History

    5.)Which answer best describes why many of the states opposed the Second Bank of the United States? A.)The National Bank created strict banking laws. B.)The National Bank was not bound by state banking laws. C.)The National Bank

    asked by #FreeGucci on February 25, 2016
  2. History

    Which answer best describes Andrew Jackson's view of a national bank? A)Jackson felt that a national bank should be more tightly regulated by the government. B)Jackson felt that a national bank was well within the rights of the

    asked by Rock on! on May 25, 2016
  3. English expression

    I will distribute a piece of paper to each of you. Hand down the pieces of paper (In a line composed of two people in each row.). Pass them to the students back. Do you have a piece of paper? OK. Write down your name on the paper.

    asked by John on March 10, 2008
  4. Maths

    a rectangular piece of paper has length=14cm and breadth=12cm. A square piece of paper of perimeter 24 cm is cut off from it. what is the area of the piece of paper left

    asked by Swetha on February 11, 2014
  5. History

    6.)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? A.)Maryland passed a law that made the national bank pay a large tax to the

    asked by #FreeGucci on February 25, 2016
  6. 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? A.)Maryland passed a law that made the national bank pay a large tax to the

    asked by #FreeGucci on February 25, 2016
  7. Maths: Surds

    A rectangular piece of paper has an area of 100 rt2 cm^2. The piece of paper is such that, when it is folded in half along the dashed line, the new rectangle is similar (of the same shape) to the original rectangle. What are the

    asked by Ripley on February 1, 2017
  8. math

    an artist buys a rectangular piece of paper for his artwork. he cuts the piece of paper into 8 equal strips. he uses 6 strips of paper and keeps the rest. what fraction of the rectangular piece of paper did he use?

    asked by Sai on February 27, 2017
  9. Math

    Sophie measured a piece of paper to be 21.7 cm by 28.5 cm. The piece of paper is actually 21.6 cm by 28.4 cm. Determine the amount of square centimeters in the area of the piece of paper using Sophie's measurements.(I got 618.45

    asked by Angie on May 29, 2009
  10. American History

    1. Andrew Jackson exerted the power of the presidency by a. allowing South Carolina to secede from the Union. b. depositing federal funds in the National Bank. c. refusing to be bound by Supreme Court decisions. d. vetoing the

    asked by CM on January 28, 2008

More Similar Questions