What is major weakness of the national banking system

Reference no: EM13177324

Today, the number of commercial banks in the United States is about
a. 14,800
b. 21,000
c. 3,000
d. 8,000

During the so-called wildcat banking period in the United States,
a. there was no central authority in the U.S. banking system
b. abusive banking practices were prevalent
c. the National Banking System provided bank note security
d. both (a) and (b)

A major weakness of the National Banking System was the perverse elasticity of the money supply.
True
False

The range of reserve requirements that the Board of Governors can set for net transaction accounts is
a. 3 to 6 percent
b. 8 to 14 percent
c. 3 to 14 percent
d. 0 to 9 percent

The Federal Reserve currently exercises credit control over
a. stock market purchases
b. home financing
c. installment sales
d. automobile sales

Reference no: EM13177324

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