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:

Wage Rate

The amount of compensation a worker receives per unit of time or per task completed.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.

U.S. Population

The total number of people living in the United States, including all citizens, residents, and immigrants.

Poverty

A situation in which people or groups do not have enough money and basic necessities to meet the bare minimum living standards.