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Unformatted text preview: system in the 19th century. Explain the main characteristics of the US banking system in that period. (5 points) 3) Describe the regulation and deregulation of the US banking system in the 20th century. Explain the consequences that the process of regulation and deregulation had on the structure of the banking system. (5 points) 4) Explain the difference between depository institutions and nondepository institutions. Give three examples of nondepository institutions and the type of activities they carry out. (5 points)...
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- Spring '08