Initially,the securities traded in the financial markets established in the 1790s were primarily
A) government bonds and bonds issued by the Bank of England.
B) stock issued by the largest companies in Europe.
C) stock issued by the Bank of the United States and government bonds.
D) government bonds and private bonds issued by the 30 largest domestic corporations.

Question

Quizplus · Accepted Answer

The Bank of the United States was established in 1791 and issued stock, while the government also issued bonds. This makes option C the most accurate choice. Options A and D are incorrect because they imply that only government or corporate bonds were traded, while option B is incorrect because it suggests that only Europe's largest companies were involved in the financial markets.

Initially,the Securities Traded in the Financial Markets Established in the 1790s