What are the advantages of having a dual banking system? (Select all that apply.) Federal-chartered bank examination fees are lower than state-chartered fees.
State banks are allowed to act as testing facilities for innovation and change.
Federal regulators have greater familiarity with their member banks.
It promotes competition and helps combat unfair and deceptive practices.

State banks are allowed to act as testing facilities for innovation and change.

It promotes competition and helps combat unfair and deceptive practices.

Explanation:

A dual banking system can be defined as a banking system in which state banks and national banks are either chartered and supervised under state or federal law.

This ultimately implies that, the dual banking system makes it possible for both the state banks and the national (federal) banks to co-exist in parallel in the United States of America.

It is a banking system that is unique to the United States of America.

Some of the advantages of having a dual banking system includes;

I. State banks are allowed to act as testing facilities for innovation and change. Whenever there are new technologies, ideas or innovation and changes, the state banks can be used to test run them.

II. Dual banking system promotes competition and helps combat unfair and deceptive practices. All the banks ensure they give their best performance and services to customers in order to remain in the financial business.

comfortable

explanation:

one type of the adjectives is predicate adjective. a predicate adjective is an adjective which follows a linking verb and modifies or refers back to the main subject of that linking verb.

it usually is used just before the noun it modies.

here in this example:

'penguins seem comfortable in the coolest habitats', comfortable is the predicate adjective which follows the linking verb 'seem' and modifies the noun.