All of the following means were used to reduce problems associated with the circulation of commercial bank notes except
A) a pledge by the Treasury to accept all bank notes issued by state-chartered banks.
B) anticounterfeiting associations formed by commercial banks.
C) bank note reporters and counterfeit detectors, such as Thompson's Reporter and Hodges' Bank Note Safeguard .
D) note brokers who bought and sold commercial bank notes.
Correct Answer:
Verified
Q1: Alexander Hamilton argued for a "National Bank"
Q2: Opponents of the First Bank of the
Q4: Gresham 's Law
A) applies only to bimetalism
Q5: Under the bimetallic standard of the 19th
Q6: State bank notes usually had a face
Q7: The dollar volume of state-bank notes received
Q8: In his Report on a National Bank
Q9: The Bank of the United States did
Q10: According to Gresham's Law,
A) inflation and unemployment
Q11: In 1790, there were only three banks
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