Which of the Following Is True

Which of the following is true?

A) The intent of Congress was to establish a dual banking system when it passed the National Currency Act of 1863 and the National Banking Act of 1864.
B) After the National Currency Act of 1863 and the National Banking Act of 1864, the banknotes issued by national banks circulated at full value and were backed by government bonds; however, in exchange for this feature, they were subject to a 10 percent tax.
C) Prior to the National Currency Act of 1863 and the National Banking Act of 1864, all banks were chartered by states and banks issued their own banknotes.
D) After the National Currency Act of 1863 and the National Banking Act of 1864, state banks could not stay in business without issuing their own banknotes.