A major controversy involving the U.S. banking industry in its early years was
A) whether banks should both accept deposits and make loans or whether these functions should be separated into different institutions.
B) whether the federal government or the states should charter banks.
C) what percent of deposits banks should hold as fractional reserves.
D) whether banks should be allowed to issue their own bank notes.
B
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What rate of return is expected from a stock that sells for $30 per share, pays $1.50 annually in dividends, and is expected to sell for $33 per share in one year?
A) 14.09 percent B) 5.00 percent C) 10.00 percent D) 15.00 percent
Which of the following is the best definition of stock options?
A. An executive has the right to buy the company's stock at the price as of a pre-determined date which can result in a hefty profit if the stock's value increases over time. B. An executive has the right to buy the company's stock at the price as of a to-be-determined date which can result in a hefty profit if the stock's value increases over time. C. An executive has the right to buy the company's stock at its lowest price within the last five years which can result in a hefty profit if the stock's value increases over time. D. An executive has the right to buy the company's stock at its highest price within the last five years which can result in a hefty profit if the stock's value increases over time.