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:

Injunctions

Legal orders issued by a court requiring a person or entity to do or cease doing a specific action.

Liability Rules

A set of legal principles governing who is financially responsible for the harm or damages caused by one party to another.

Property Rights

The legal rights to possess, use, and dispose of assets, including real estate, intellectual property, and personal possessions.

MSC

The marginal social cost of producing one additional unit of a good or service, which includes both the private cost and any external costs to society.