why does the US operate under a dual banking system and what do you think are...

why does the US operate under a dual banking system and what do you think are the advantages and disadvantages

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Expert Solution

Two of the biggest advantages to online-only banking are the high interest rates andlow fees. Online-only banks don't pay overhead for physical branches or the employees to staff them. Instead, they pass those cost savings on to customers in the form of higher interest rates and lower fees.

Rahul Sunny answered 1 year ago

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