Solved

During Its Years of Existence,the Second Bank of the United

Question 97

Multiple Choice

During its years of existence,the second Bank of the United States


A) was the depository of the funds of the national government.
B) contributed to inflation by issuing excessive federal bank notes.
C) limited economic growth by restricting credit and maintaining high interest rates.
D) served as the chartering agency for state and local banks.
E) invested most of its funds in Wall Street stocks and bonds.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents