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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

What is TRUE about government regulations in the United States when it comes to financial institutions?


A. There are no government regulations for international banking.


B. Electronic fund transfers (EFT) are only regulated if they are made in commercial banks.


C. The government regulates which types of financial accounts are eligible for FDIC insurance.

Respuesta :

KayKaySmartGirl

The answer to this question is C.

The reason for this is: Federally regulated entities include all banks in Canada, and all federally incorporated or registered trust and loan companies, insurance companies, cooperative credit associations, fraternal benefit societies and private pension plans. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector, which are the responsibility of other agencies, both federal and provincial.

Electronic fund transfers (EFT) are only regulated if they are made in commercial banks. This is true about government regulations in the United States when it comes to financial institutions. Hence, Option B is correct.

What are electronic fund transfers?

From one bank to another bank, the movement of money is done digitally without the help of a bank employee. This is called electronic fund transfers.

With the increase of business and transactions related to it, more and more usage of smart phones and other factors have also increased electronic fund transfers.

Therefore, Option B: Electronic fund transfers (EFT) are only regulated if they are made in commercial banks is correct.

Learn more about electronic fund transfers here:

https://brainly.com/question/2021269

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