8
QuizMultiple Choice

The National Bank

Question 8 of 10 • (MACS) 2021 NY-US History CR Summer Quarter 1

Almost a century after the Second National Bank’s charter lapsed, the government created

Answer
A
the Federal Reserve System, which collapsed within a decade.
B
a system of state-run banks, serving individuals but not businesses.
C
the Federal Reserve System, which is still in existence today.
D
a system of state-run banks, serving businesses but not individuals.
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