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Almost a century after the Second National Bank’s charter lapsed, the government created
A. the Federal Reserve System, which collapsed within a decade.
B. a system of state-run banks, serving individuals but not businesses.
C. the Federal Reserve System, which is still in existence today.
D. a system of state-run banks, serving businesses but not individuals.

Respuesta :

the correct answer is C. Hope this helps

holesstanham

Answer: C. the Federal Reserve System, which is still in existence today.

The Second Bank of the United States was the second federally authorized national bank. It was located in Philadelphia, Pennsylvania, and was active from February 1816 to January 1836. The bank was at the center of the election of 1832, but failing to secure recharter, it became a private corporation in 1836 and underwent liquidation in 1841.

The Federal Reserve (the central banking system of the US) was created through the Federal Reserve Act of 1913. The act also created the authority to issue US dollars as legal tender. It was signed into law by President Woodrow Wilson.

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