The Provisions of the National Banking Acts of 1863 and 1864 established the authority for the federal government to charter and supervised national banks. True False One of the factors driving the federal government to establish national (federally-chartered and supervised) banks and a national currency is: World War I The Civil War The Korean War While The Second Bank of the United States had no formal regulatory power over the various state-chartered banks operating in America at the time, the bank did wield considerable informal power because: 1) It served as the fiscal agent for the federal government, collecting tax revenues, securing the government's funds, paying the government bills, and making loans to the federal government. 2) As the federal government's fiscal agent, it could determine if the banknotes of a given bank were acceptable to satisfy federal tax obligations. 3) All of the above (1 and 2). The Second Bank of the United States was modeled on the the First Bank of the United States. True False Despite the fact that the First Bank of the United States proved a sound and profitable operation, when its original charter expired in 1811 : Its charter was not renewed. Its charter was renewed for only one year. Its chanter was renewed for only two years. While The First Bank of the United States had no formal regulatory power over the various statechartered banks operating in America at the time, the bank did wield considerable informal power because: 1) It served as the fiscal agent for the federal government, collecting tax revenues, securing the government's funds, paying the government bills, and making loans to the federal government. 2) As the federal government's fiscal agent, it could determine if the banknotes of a given bank were acceptable to satisfy federal tax obligations. 3) when it was established, The First Bank of the United States was the largest financial institution in the country. 4) All of the above (1,2 and 3). The First Barik of the United States was modeled on the the Banik of Englant. And, the U.S. Treasury held of the bank's stock one percent five percent twenty percent.

1. The Provisions of the National Banking Acts of 1863 and 1864 established the authority for the
federal government to charter and supervised national banks. True False
One of the factors driving the federal government to establish national (federally-chartered and
supervised) banks and a national currency is: World War I The Civil War The Korean War
While The Second Bank of the United States had no formal regulatory power over the various
state-chartered banks operating in America at the time, the bank did wield considerable informal
power because: 1) It served as the fiscal agent for the federal government, collecting tax
revenues, securing the government's funds, paying the government bills, and making loans to the
federal government. 2) As the federal government's fiscal agent, it could determine if the
banknotes of a given bank were acceptable to satisfy federal tax obligations. 3) All of the above
(1 and 2).
The Second Bank of the United States was modeled on the the First Bank of the United States.
True False
Despite the fact that the First Bank of the United States proved a sound and profitable operation,
when its original charter expired in 1811 : Its charter was not renewed. Its charter was renewed
for only one year. Its chanter was renewed for only two years.
While The First Bank of the United States had no formal regulatory power over the various
statechartered banks operating in America at the time, the bank did wield considerable informal
power because: 1) It served as the fiscal agent for the federal government, collecting tax
revenues, securing the government's funds, paying the government bills, and making loans to the
federal government. 2) As the federal government's fiscal agent, it could determine if the
banknotes of a given bank were acceptable to satisfy federal tax obligations. 3) when it was
established, The First Bank of the United States was the largest financial institution in the
country. 4) All of the above (1,2 and 3).
The First Barik of the United States was modeled on the the Banik of Englant. And, the U.S.
Treasury held of the bank's stock one percent five percent twenty percent