Question

the national association of banks technically means
cancellation of transaction
government direct control
classification of banks
han given to private control​

Answer 1

Answer:

A bank in a system of federally chartered commercial banks in the United States, supervised by the Office of the Comptroller of the Currency, a department of the US Treasury. 2. A bank controlled by or associated with a national government, especially a central bank.

Explanation:

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Answer 2

Answer:

Government direct control - A bank controlled by or associated with a national government, especially a central bank.

Explanation:

A national banking association represents an organisation that is incorporated under the central government as a bank. A national banking association denotes a bank, savings bank, bank and trust company, or bank exclusively exerting trust powers classified under the regulations of the government. A bank regulated by or associated with a national government, particularly a central bank. The National Association of banks technically signifies that it is controlled by its government.

Therefore, The National Association of banks technically signifies government direct control.

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