1 / Explain the dual banking system in the US. When and how does it start?

2 / Give the components of each system and explain how they are chartered.

3 / How do you explain the rapid development in financial innovation during the last decades? What are the advantages, risks and disadvantages of this trend?

4 / Explain the relationship between the development of ATMs and Bank holding companies on one hand and competition in the banking industry on the other hand

5 / What are the phases and the reasons of bank consolidation since the 1980s?

6 / Explain the reasons of the multiplication of small banks.

7 / What is the Glass-Steagall Act? When was it implemented? Is it still in application today?