On main street in smalltown, usa, there are two banks that operate across the street from each other on the same block. both banks are being audited, but have different agencies auditing each bank. what is the best explanation for this? both banks are credit unions. one bank is a national bank and one bank is a federal savings association. both banks are federally chartered, but one is regulated by the fed and the other is regulated by the fdic. one bank is federally chartered and one bank is state-chartered.

Both banks are federally chartered, but one is regulated by the FED and the other is regulated by the FDIC.

Explanation:

This is the reason why the banks are being audited by different entities. State banks are regulated by two different federal agencies. On the one hand, the Federal Deposit Insurance Corporation (FDIC) would audit banks that are not members of the Federal Reserve System. On the other hand, the Federal Reserve Board (FED) supervises those banks that are part of the Federal Reserve System.

the catholic church withhold people's access to the bible during the middle ages.

people could go to church and listen to the teachings, but it was absolutely forbidden to own and/or read the books of both the old and new testaments. it was also prohibited to translate the books (which where originally in biblical hebrew) to any other language.

this was done so the church could remain in control of what their teachings were and to enhance their importance and power, while also being able to judge people's actions through information that was unavailable for the general public.