Author Question: What best describes the US experience with banking from 1785 until the Civil War? a. There was a ... (Read 47 times)

sarasara · **on:** Jun 30, 2018

What best describes the US experience with banking from 1785 until the Civil War?
a. There was a national bank for the entire time period.
b. The first two national banks were largely foreign owned.
c. Only gold was used to back currency.
d. Only national banks could print notes.

Question 2

Technological innovations and the increasing mechanization of industry:
a. have led to long-run aggregate unemployment that is difficult to eradicate.
b. have led to lower wages for skilled workers.
c. mean higher prices for consumers.
d. ultimately create new jobs that replace old jobs.

jesse.fleming · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

b. The first two national banks were largely foreign owned.

Answer to Question 2

d. ultimately create new jobs that replace old jobs.