0... Tools S A S Homework (Powered by Aplia) Back to Assignment Attempts 0 Keep the Highest 0/2 1. Bank regulation in the United States Which of the following is an accurate description of bank charter? Society cannot allow just anyone to open a bank because banks have a lot of proprietary information. There exists a system in which bank charters are granted by both the government and private licensing organizations. Government permission is needed to establish and operate a depository institution. O Government protection from losses may occur if a bank becomes insolvent or fails. Which of the following most accurately explains the need for bank charters?? Society cannot allow just anyone to open a bank because banks have a lot of proprietary information. Bank charters are not needed and serve no purpose. The government grants charters to banks. Banks do not disclose to whom they have made loans and for how much