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valputin valputin
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8 years ago
Before 1863
A) banks were required to maintain 100% of their deposits as reserves.
B) banks acquired funds by issuing banknotes.
C) federally-chartered banks had regulatory advantages not granted to state-chartered banks.
D) the number of federally-chartered banks grew at a much faster rate than at any other time since the end of the Civil War.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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#2
8 years ago
Perfect answer, thx
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
Great! Happy to be right Face with Stuck-out Tongue
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