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The National Banking Acts of 1863 and 1864 gave the federal government the power to do all of the following EXCEPT:

A.) establish a national bank
B.) grant bank charters
C.) issue a single national currency
D.) establish reserve requirements for banks

2 Answers

6 votes

Answer:

B) Grant bank charters

Step-by-step explanation:

User Aman Chourasiya
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5 votes

Answer:

D) Establish reserve requirements for banks.

Step-by-step explanation:

The National Banking Acts of 1863 and 1864 established a system of national banks and created the United States National Banking System. They encouraged the development of a national currency and a system of nationally chartered banks. The Acts shaped today´s national banking system and its support a uniform U.S. banking policy.

The Acts served as the predecessors of the Federal Reserve Act of 1913. The one that established reserve requirements for banks.

I hope this answer helps you.

User Sulest
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