On the eve of the Civil War, cotton was the major crop in the Old ...

[nmorano1]

On the eve of the Civil War, cotton was the major crop in the Old South.
 
  Indicate whether the statement is true or false

Question 2

Prior to the establishment of the Federal Reserve System (1913), reserve requirements
 
  (a) limited the banks' ability to lend.
  (b) did not restrict the amount of paper-money issued by banks.
  (c) freed banks to create as much money as the market could bear without regard for risk and withdrawal rates.
  (d) forced banks to place deposits in the national bank.

[momolu]

Answer to Question 1

False

Answer to Question 2

(a)

[nmorano1]

Thank you

[momolu]

Happy to help you