The belief that bank failures were regularly caused by fraud or the lack of sufficient bank capital explains, in part, the passage of
A. the National Bank Charter Amendments of 1918.
B. the Garn-St. Germain Act of 1982.
C. the National Bank Act of 1863.
D. Federal Reserve Act of 1913.
Answer:C
The belief that bank failures were regularly caused by fraud or the lack of sufficient bank capital explains, in part, the passage of
A. the National Bank Charter Amendments of 1918. B. the Garn-St. Germain Act of 1982. C. the National Bank Act of 1863. D. Federal Reserve Act of 1913.