Which of the Following Statements Most Accurately Represents the History

Multiple Choice

Which of the following statements most accurately represents the history of U.S. banking?

A) Although many technological changes have occurred, and banks have grown tremendously in size, the basic structure of banking in the United States has survived since the Revolutionary War.
B) A major trend in U.S. banking was a move from federal control during the 1800s and early 1900s to a system now controlled by individual states.
C) Although the early history of banking in the United States was very chaotic, the establishment of the Fed stabilized the banking system.
D) The U.S. banking system has experienced a great deal of change and instability throughout its history.