Which of the Following Statements About American Currency and Banking

question 27

Multiple Choice

Which of the following statements about American currency and banking in this era is FALSE?

• A) Counterfeiting was a serious problem.
• B) The national bank forbade state banks from issuing their own notes.
• C) Congress re-chartered the Bank of the United States in 1816.
• D) Vast quantities of varying bank notes created confusion over currency.
• E) The second Bank of the United States had more capital than its predecessor.

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