Although the National Bank Act of 1863 was designed to eliminate state-chartered banks by imposing a prohibitive tax on banknotes, state banks were able to stay in business by

A) issuing credit cards.
B) ignoring the regulations.
C) acquiring funds through deposits.
D) branching into other states.

C

Economics

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Which of the following is an example of a good produced under monopoly?

A) CDs B) Books C) Aerated drinks D) Patented software

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Why is the equilibrium in a trust game socially inefficient?

What will be an ideal response?

Economics