Final answer:
The statement that a bank statement is presented from the customer's point of view is false; it is from the bank's perspective. The Panic of 1819 decreased rather than increased public trust in the Second Bank of the United States. Also, banks profit by lending money and earn interest, so un-lent reserves don't generate revenue.
"The correct option is approximately option 2"
Step-by-step explanation:
It is false that a bank statement is presented from the customer's point of view. A bank statement is actually presented from the bank's point of view. It lists the transactions as credits and debits from the perspective of the bank. For example, when a customer deposits money into their account, it is listed as a credit on the bank statement because the bank is receiving funds. Conversely, when a customer withdraws money, it is listed as a debit because the bank is dispensing funds.
The Panic of 1819 is an example of how banks' actions can lead to public distrust. In answering the question, the statement 'The Panic of 1819 increased the American people's faith in the Second Bank of the United States' is false. The Panic of 1819 actually decreased the public's faith in the bank due to economic turmoil which was, in part, attributed to the bank's policies.
Lastly, the statement 'Banks make their money from issuing loans and charging interest. The more money that is stored in the bank's vault, the less is available for lending and the less money the bank stands to make' is true. Banks operate by taking in deposits and then lending those funds out, while retaining a fraction in reserve. The profit comes from the interest charged on those loans. Therefore, money stored and not lent out doesn't generate interest for the bank.