Question

Which act created nationally chartered banks and circulated notes backed by the federal government?

A) Free-Banking Act
B) National Banking Act
C) Federal Reserve Act

Answer 1

B B B B B B B B B B B B B B B B B B B
there.

Answer 2

The correct option is B.
The National Banking Act is an act of the United States government, which created a system of national banks. The Act made possible the development of a national currency and a system of nationally chartered banks. The first National Bank Act was passed in 1863.