1. A, B, C.Each state issues licenses for private companies to operate savings banks within the state.For example, the NY State Banking Department issues licenses (also called "charters") that are mandatory to have before operating a savings bank within NY State.Separatelyanswering as partsA, BandC, give and explain three different legal requirements in NY State to have a license to operate a savings bank.
2. A, B, C.John Kenneth Galbraith described several historic episodes of asset markets going through boom and bust.One episode that he described was the stock market crash of 1929.Separatelyanswering as partsA, BandC, identify andexplainthree different causes of the crash of 1929.With each cause that you explain, include how it contributed to the 1929 stock market crash.