Which one of the following statements concerning the National Bank Act is not true?

a. It created a national banking system.
b. It created the office of the Comptroller of the Currency.
c. It required banks to provide financial reports to the Comptroller of the Currency.
d. It created nationally chartered banks.
e. It allowed banks to accept real estate as loan collateral.


E

Economics

You might also like to view...

If this is a closed economy how many cars will be exchanged? 

A. 80,000 B. 20,000 C. 60,000 D. 40,000

Economics

In a decreasing-cost industry, the long-run industry supply curve is

a. horizontal b. vertical c. upward sloping d. downward sloping e. the sum of the individual firm's marginal cost curves

Economics

In the ultimatum game, if neither the allocator nor the recipient cared about fairness, what would be the optimal distribution of $20.00?

a. $19.99 for the allocator and $0.01 for the recipient b. $10.00 for the allocator and $10.00 for the recipient c. $19.99 for the recipient and $0.01 for the allocator d. $20.00 for the allocator and nothing for the recipient

Economics

The cost of holding money is best described as

A. the yield which is paid to money holders by the U.S. government. B. the cost of printing money. C. the goods and services that money can buy D. the yield that could have been earned had the asset been held in another form.

Economics