(1) If a substantial portion of the public has beenunderserved by conventional banks, as many infintech assert, why shouldn’t the Fed or otherregulatory bodies step in and require banks to servethese customers? (2) What questions should anyoneask before moving personal funds from a conventionalbank to a neobank?
(1) If a substantial portion of the public has beenunderserved by conventional banks, as many infintech assert, why shouldn’t the Fed or otherregulatory bodies step in and require banks to servethese customers? (2) What questions should anyoneask before moving personal funds from a conventionalbank to a neobank?
Chapter25: Money Creation
Section: Chapter Questions
Problem 18SQ
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(1) If a substantial portion of the public has been
underserved by conventional banks, as many in
fintech assert, why shouldn’t the Fed or other
regulatory bodies step in and require banks to serve
these customers? (2) What questions should anyone
ask before moving personal funds from a conventional
bank to a neobank?
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(1) If a substantial portion of the public has been
underserved by conventional banks, as many in
fintech assert, why shouldn’t the Fed or other
regulatory bodies step in and require banks to serve
these customers? (2) What questions should anyone
ask before moving personal funds from a conventional
bank to a neobank?
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