The National Banking Acts of 1863 and 1864 attempted to make the national banking system seem stronger than the state banking system by all of the following EXCEPT:
(a) Imposing legal reserve requirements on national banks
(b) Providing depository insurance
(c) Linking the capital requirements of national banks to the size of
the cities in which they were located
(d) Making national bank notes legal tender
(b)
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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.
When the production function is represented by Y = NA, labor productivity is represented by which of the following expressions?
A) 1/A B) NA C) A/Y D) Y/A E) none of the above