Which of the Following Statements Most Accurately Represents the History

question 94

Multiple Choice

Which of the following statements most accurately represents the history of U.S. banking?

• A) Although many technological changes have occurred, and banks have grown tremendously in size, the basic structure of banking in the United States has survived since the Revolutionary War.
• B) A major trend in U.S. banking was a move from federal control during the 1800s and early 1900s to a system now controlled by individual states.
• C) Although the early history of banking in the United States was very chaotic, the establishment of the Fed stabilized the banking system.
• D) The U.S. banking system has experienced a great deal of change and instability throughout its history.

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