Which one of the following statements concerning the National Bank Act is not true?
a. It required national banks to buy Treasury bonds equal to one third of their capital.
b. It made banks subject to periodic bank audits.
c. It reestablished confidence in the banking system.
d. It led to a widespread conversion of banks from state to national charters.
e. It levied a 10 percent annual tax on state-chartered bank-note issues.
D
Economics
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Depreciation is all of the following, except:
A. The difference between GDP and NDP B. The difference between gross investment and net investment C. The accumulation of capital stock D. The consumption of fixed capital
Economics
The act of buying at a low price in one place and selling at a high price in another place is called relative pricing.
Answer the following statement true (T) or false (F)
Economics