Before 1863

question 131

Multiple Choice

Before 1863,

• A) federally chartered banks had regulatory advantages not granted to state-chartered banks.
• B) the number of federally chartered banks grew at a much faster rate than at any other time since the end of the Civil War.
• C) banks acquired funds by issuing banknotes.
• D) the Federal Reserve System regulated only federally chartered banks.
• E) the Comptroller of the Currency regulated both state and federally chartered banks.

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