Multiple Choice
Because of the abuses by state banks and the clear need for a central bank to help the federal government raise funds during the War of 1812,Congress created the
A) First Bank of the United States in 1812.
B) Bank of North America in 1814.
C) Second Bank of the United States in 1816.
D) Federal Reserve System in 1813.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Which bank regulatory agency has the sole
Q15: High-yield bonds rated below investment grade by
Q16: The entry of Sears,AT&T,and GM into the
Q17: The practice of creating marketable debt instruments
Q19: Rising interest-rate risk _ the _ financial
Q20: Economies of scope come from increasing the
Q21: The most important developments that have reduced
Q22: In 1977,_ pioneered the concept of selling
Q23: Which of the following is an advantage
Q135: Today the United States has a dual