a accepted NOW bank was defined as a firm that accepted government deposits and made public loans d. accepted demand deposits and made consumer loans. accepted demand deposits and made business loans. accounts and made consumer loans. e. is regulated by the Federal Reserve 1 hich of the following is not a purpose of bank regulation? Guarantee minimal profitability of the banking system. Provide monetary stability. c Ensure safety and soundness of banks. d. Provide a competitive financial system. e. Protect consumers from abuses by banks. 12. A primary purpose of maintaining the safety and soundness of banks is to: a. encourage loan growth. b. protect depositors. c ensure liquidity for the stock market. d. prevent discrimination. e. minimize bank losses. 13. A formal regulatory document that prescribes corrective action for a problem institution is a. cease and desist order. b. capital request. c. memorandum of understanding. d. quality assurance directive. e. national bank order. 14. National and state charters are available for all of the following except a. credit unions. b. commercial banks. c. savings associations. d. Federal Reserve banks. e. National and state charters are available for all of the above