Ask Question
Social StudiesSocial Studies
20 January, 14:54

What was NOT a problem with early banking in the United States?

A.) The bankers issued more money than they had gold and silver to cover for in the bank.

B.) There was no common currency and the currencies that were issued had different values.

C.) The banks were so large that, when they failed, it caused major problems for the country.

D.) Banks loaned out more money than they should have, so they did not have enough money to cover deposits.

+4
Answers (2)
  1. 20 January, 15:28
    0
    C not sure of this answer
  2. 20 January, 18:24
    0
    I would have to go with A, but all of them make sense. Really tough!; )
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What was NOT a problem with early banking in the United States? A.) The bankers issued more money than they had gold and silver to cover ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Salt was important to the west Africans because it was used
Answers (1)
If morality exists, then what is the way out
Answers (1)
Should governments have an active role in people's lives (ex. welfare, education, healthcare) or less of a role so that businesses and other institutions are not regulated (or controlled) ?
Answers (1)
On ___ 9, 1831, the Dewitt Clinton made the first run on the Mohawk and the Hudson Railroad
Answers (1)
Karen has just arrived on jeju island in korea to begin teaching at her first esl school. she will be teaching adolescent students at a university prep school with a strong focus on academic english. the students are divided by level.
Answers (1)
New Questions in Social Studies
The hebrews'main religious scripture was called the what?
Answers (1)
Which European country was later inspired by the Declaration of Independence? A) Spain B) England C) Germany D) France
Answers (1)
Which institution has the authority to make and enforce laws for a community?
Answers (1)
The Tang Dynasty ruled over a strong and unified China because of which of these reasons?
Answers (1)
According to quindlen how have people's attitudes about her being a product of a mixed marriage changed over time
Answers (1)
Home » Social Studies » What was NOT a problem with early banking in the United States? A.) The bankers issued more money than they had gold and silver to cover for in the bank. B.) There was no common currency and the currencies that were issued had different values. C.
Sign Up Forgot Password?