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The National Banking Acts of 1863 and 1864 Attempted to Make

Question 57

Multiple Choice

The National Banking Acts of 1863 and 1864 attempted to make the national banking system seem stronger than the state banking system by all of the following EXCEPT:


A) Imposing legal reserve requirements on national banks
B) Providing depository insurance
C) Linking the capital requirements of national banks to the size of ?the cities in which they were located
D) Making national bank notes legal tender

Correct Answer:

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