The National Banking Act of 1863, did which of the following?
(a) Permitted interstate branch banking
(b) Created one national central bank in the U.S.
(c) Created federally chartered national banks restricted to conducting businesses
within a designated state.
(d) Created federally chartered national banks open to conducting businesses
across states.
Question 2
Economic institutions like the Federal Reserve System of 1914 created by legislation are designed to:
(a) Only achieve economic goals
(b) Garner votes
(c) Satisfy the well organized interests of
special groups
(d) All of the above
