Which of the following statements most accurately represents the history of U.S. banking?
A) Although many technological changes have occurred, and banks have grown tremendously in size, the basic structure of banking in the United States has survived since the Revolutionary War.
B) A major trend in U.S. banking was a move from federal control during the 1800s and early 1900s to a system now controlled by individual states.
C) Although the early history of banking in the United States was very chaotic, the establishment of the Fed stabilized the banking system.
D) The U.S. banking system has experienced a great deal of change and instability throughout its history.
Correct Answer:
Verified
Q229: Which of the following represents the technical
Q230: Early settlers of the New World relied
Q231: The Fed plans to raise the discount
Q232: When Alex in Quince Orchard, MD, uses
Q233: The Fed bought several billion dollars' worth
Q235: The banking panic of 1907 and the
Q236: Commercial banks primarily serve two types of
Q237: _ persuaded Congress to establish the first
Q238: The Federal Reserve fulfills its role as
Q239: Bigbux Bank currently has deposits of $300
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents