The National Banking Acts of 1863 and 1864 were:
A. totally eliminated under the Federal Reserve Act of 1913
B. were modified to permit greater flexibility of operations under the Federal Reserve Act of 1913
C. were unaffected by the Federal Reserve Act of 1913
D. none of the above
Answer:B
The National Banking Acts of 1863 and 1864 were:
A. totally eliminated under the Federal Reserve Act of 1913 B. were modified to permit greater flexibility of operations under the Federal Reserve Act of 1913 C. were unaffected by the Federal Reserve Act of 1913 D. none of the above