Question

Which of the following is a

positive aspect of having a
National Bank?
A. The National Bank is ran by the wealthy.
B. National Banks are often corrupt.
C. There is less risk of depressions and panics.

Answer 1

A positive aspect of having a National Bank is the reduction of risk of depressions and panics.

Step-by-step explanation:

A positive aspect of having a National Bank is that there is less risk of depressions and panics. National banks help stabilize the economy by regulating the money supply and interest rates, which can prevent or minimize economic downturns. For example, the Federal Reserve System in the United States acts as a central bank and plays a vital role in maintaining economic stability.

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