The actual results of the McFadden Act included:
A) increased efficiency of banking across the country.
B) a tight network of interconnected banks across the country.
C) the continued operation of small inefficient banks.
D) the elimination of banking monopolies.

Question

Quizplus · Accepted Answer

The McFadden Act reinforced the pre-existing state banking regulations, which allowed small, inefficient banks to continue operating. It did not lead to increased efficiency, a tight network of interconnected banks, or the elimination of banking monopolies.

The Actual Results of the McFadden Act Included