Which of the following statements most accurately represents the history of U.S. banking?
A. A major trend in U.S. banking was a move from federal control during the 1800s and early 1900s to a system now controlled by individual states.
B. Although many technological changes have occurred, and banks have grown tremendously in size, the basic structure of banking in the United States has survived since the Revolutionary War.
C. The U.S. banking system has experienced a great deal of change and instability throughout its history.
D. Although the early history of banking in the United States was very chaotic, the establishment of the Fed stabilized the banking system.
Answer: C
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