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

question 24

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 Banking 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 Banking Act of 1863; Office of Thrift Supervision
• D) Federal Reserve Act of 1863; Office of Thrift Supervision

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Definitions:

Complete Performance

The full and exact fulfillment of all terms and conditions as outlined in a contract or agreement.

Unconditional Offer

An offer made by one party to another that requires no additional conditions or stipulations to be met for acceptance.

Tender

An unconditional offer to perform an obligation by a person who is ready, willing, and able to do so.

Tendered

Offered formally or presented for acceptance, like a payment or a resignation.