The National Bank Act of 1863,and Subsequent Amendments to It

question 68

Multiple Choice

The National Bank Act of 1863,and subsequent amendments to it

• A)created a banking system of state-chartered banks.
• B)established the Office of the Comptroller of the Currency.
• C)broadened the regulatory powers of the Federal Reserve.
• D)created insurance on deposit accounts.

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Definitions:

Alternative Hypothesis

In hypothesis testing, the hypothesis that contradicts the null hypothesis, indicating there is an effect or a difference.

Test Statistic

An outcome obtained from samples in a hypothesis experiment, crucial in deciding if the null hypothesis should be dismissed.

P-value

Assuming the correctness of the null hypothesis, it is the possibility of obtaining test results that are equally or more extreme than those observed.

Sample Standard Deviation

A measure of the amount of variation or dispersion of a set of values in a sample.