What is the most important piece of legislation that allows federally chartered banks to compete more directly with state-chartered banks?

creating a dual banking system
when lending limits for federal banks were increased
when all banks came under the Federal Reserve Board
when state banks were invited to join the FDIC

What is the difference between a government and a state

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?