In 1790, there were only three banks in the U.S. By 1811, there were 88 . Most of these new banks were:
a. created and operated by the federal government.
b. created and operated by state and local governments.
c. private-sector, state-chartered banks.
d. branches of banks with English charters.
Question 2
Beginning in 1971, the Nixon administration enacted a series of price controls in hopes of reducing inflation. The first of these, known as Phase I,
a. consisted of a price freeze.
b. imposed a ceiling price on meat, but left other prices unregulated.
c. froze wages, but left other prices unregulated.
d. applied only to oil prices.
