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27 August, 02:24

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.

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Answers (2)
  1. 27 August, 05:23
    0
    C not sure of this answer
  2. 27 August, 05:34
    0
    I would have to go with A, but all of them make sense. Really tough!; )
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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.
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