To Eliminate the Abuses of the State-Chartered Banks,the ________ Created

question 104

Multiple Choice

To eliminate the abuses of the state-chartered banks,the ________ created a new banking system of federally chartered banks,supervised by the ________.

• A)National Bank Act of 1863;Office of the Comptroller of the Currency
• B)Federal Reserve Act of 1863;Office of the Comptroller of the Currency
• C)National Bank Act of 1863;Office of Thrift Supervision
• D)Federal Reserve Act of 1863;Office of Thrift Supervision

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Definitions:

Discretionary Funds

Money available for spending and investing that is not earmarked for specific obligations.

Government Leaders

Individuals holding positions of authority in the government, responsible for making and implementing public policies.

Economic Status

The position of an individual, household, or group within the economic hierarchy, often assessed by income, wealth, and access to resources and opportunities.

Multilateral Transfer

The transfer of resources (financial, goods, services) between multiple countries or parties without direct reciprocation.