Which of the following was not true of the First and Second Banks ...

[Hungry!]

Which of the following was not true of the First and Second Banks of the United States?
 a. They had branches throughout the country.
  b. They issued paper money.
  c. They made loans to private individuals.
  d. They set the bimetallic ratio.

Question 2

In his 1967 address to the American Economic Association, Milton Friedman explained that increases in the money supply will temporarily reduce unemployment because:
 a. wages do not respond to monetary policy.
  b. unions support policies that increase inflation.
  c. inflation benefits lenders.
  d. prices rise faster than wages.

[perkiness]

Answer to Question 1

d. They set the bimetallic ratio.

Answer to Question 2

d. prices rise faster than wages.

[Hungry!]

Thanks for the timely response, appreciate it

[tranoy]

Excellent