When Woodrow Wilson Became President in 1912, the Most Serious

When Woodrow Wilson became president in 1912, the most serious shortcoming in the country's financial structure was that the

A) largest banks were too heavily concentrated in New York City.
B) Bank of the United States had been greatly weakened.
C) banking system was too tightly controlled by the federal government.
D) U.S. dollar was tied to gold.
E) currency was inelastic.