Which of the following antebellum institutions acted most like a central bank?
a. The First Bank of the United States
b. The Second Bank of the United States
c. Banks created by the National Bank Act
d. The U.S. Treasury
Question 2
The financial crisis that began in 2007:
a. was predicted in detail by Alan Greenspan and Ben Bernanke.
b. was centered on subprime lending and the complex financial instruments based on subprime loans.
c. was caused by a downturn in the stock market.
d. None of the above are correct.