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1. Discuss the nature of banking and the reasons why legislation regulating banking has been needed from time to time.
2. In particular, discuss aspects of private banking that are inherently unstable and why there is a need for government intervention. Use examples from the various important banking acts that have been discussed.
3. What are the pros and cons of the dual banking system in the United States?
4. Describe the primary roles and functions of the Federal Reserve (only discuss those related to banking – do not discuss monetary policy functions).
5. Describe the Dodd Frank preemption rule, including the Barnett Bank of Marion Cty. (517 U.S. 25) preemption standard
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