What Is the Primary Reason for the Differences Between the U.S

question 19

Multiple Choice

What is the primary reason for the differences between the U.S. banking system and those in other major industrial countries?

• A)Economies of scale are greater in banking in the United States than in banking in other countries.
• B)legislation that led to the development of state and national banks.
• C)the Federal Reserve System.
• D)the National Bank.

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Definitions:

Peace Is at Hand

A phrase famously used by Henry Kissinger in 1972 indicating that an end to the Vietnam War was imminent, though the war continued for several more years.

Ho Chi Minh City

Formerly known as Saigon, it is the largest city in Vietnam known for its significant role in the country's history and economy.

Renamed

refers to changing the name of a person, place, thing, or idea, often to better fit its identity, purpose, or context.

Saigon

Former name of Ho Chi Minh City, it was the capital of South Vietnam until the end of the Vietnam War in 1975.