Which of the Following Statements Is Most Correct

question 22

Multiple Choice

Which of the following statements is most correct?

• A) The National Banking Act of 1894 has long lost any relationships to modern bank regulation.
• B) The Federal Reserve System was created in large measure to force state chartered banks into conformity with nationally chartered banks.
• C) "Wildcat banking" during the first half of the 1800s referred to risky banking practices by many state banks, such as excessive note issues, lack of adequate bank capital, and insufficient reserves against their notes and deposits.
• D) The Federal Reserve Act required all banks to sell gold to the Government.

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Definitions:

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Virtual Private Network extends a private network across a public network, enabling users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network.

Trusted Network

A secure network that is trusted to operate within certain security parameters to protect the confidentiality, integrity, and availability of the data and devices within it.

Trojan Horse

A malicious program disguised as legitimate software that is used to hack into the victim's computer.