Which of the Following Statements About the Second Bank of the United

question 20

Multiple Choice

Which of the following statements about the Second Bank of the United States is accurate?

• A) It was a public corporation mainly owned by the government.
• B) It disbursed payments for federal debts.
• C) It was exclusively supported by state governments.
• D) It held only the funds of major private corporations.
• E) It was forbidden from using government deposits as collateral for loans to businesses.

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Definitions:

Price

The amount of money expected, required, or given in payment for something.

Payment

The transfer of money, goods, or services in exchange for a product, service, or to satisfy an obligation.

Fixture

A fixture is an item that was originally personal property but has been attached to real property in such a way that it is legally considered a part of the real property.

UCC

Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, banking, and leases.