How does the most recent 2008-09 recession differ from most other economic recessions since the Great Depression?

 

  • How does the most recent 2008-09 recession differ from most other economic recessions since the Great Depression?
  • What is a bank? How does a bank differ from most other financial-service providers?
  • Which businesses are banking’s closest and toughest competitors? What services do they offer that compete directly with banks’ services?
  • Why are banks special?
  • What is a financial intermediary? What are its key characteristics? Is a bank
    a type of financial intermediary?
  • What are the reasons for regulating the functions of banks?
  • What is the dual banking system?
  • What is the principal role of the Comptroller of the Currency?
  • What is the principal job performed by the FDIC?
  • What key roles does the Federal Reserve System perform in the banking and
    financial system?
  • What is the Glass-Steagall Act, and why was it important in banking history?
  • What are the main ideas of the Federal Deposit Insurance Corporation
    Improvement Act of 1991?

 

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