Why do we have banks chartered by the States, and some also chartered by the Federal government?  What is the difference, if there is and which one is most preferred?

Business Its Legal Ethical & Global Environment
10th Edition
ISBN:9781305224414
Author:JENNINGS
Publisher:JENNINGS
Chapter5: Business And The Constitution
Section5.3: Constitutional Limitations Of Economic Regulations
Problem 2.3CQ
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Why do we have banks chartered by the States, and some also chartered by the Federal government?  What is the difference, if there is and which one is most preferred?

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