Which of the following statements about American currency and banking in this era is FALSE?
A. The Second Bank of the United States forbade state banks from issuing their own notes.
B. Vast quantities of varying bank notes created confusion over currency.
C. Counterfeiting was a serious problem.
D. The Second Bank of the United States had more capital than its predecessor.
E. Congress chartered a second Bank of the United States in 1816.
Answer: A
You might also like to view...
The first clash of the French and Indian War took place near what is now
A. Buffalo. B. St. Louis. C. Detroit. D. Chicago. E. Pittsburgh.
The first Jewish member of the United States Supreme Court, appointed by Woodrow Wilson, was
a. Felix Frankfurter. b. Benjamin Cardozo. c. Abraham Cahan. d. Louis D. Brandeis. e. Bernard Baruch.
Archduke Franz Ferdinand was assassinated by Gavrilo Princip, igniting what?
What will be an ideal response?
The need for workers in growing industries and enterprises was met by __________
A) movement of blacks out of the South into the North and West B) escalating numbers of immigrants from abroad C) displaced agrarian workers moving to the cities D) the phenomenal growth rate in American families