Which of the following can be inferred about the period prior to 1864?
A There was not a federal tax on state bank notes.
B Most small town banks were capitalized with less than $50,000.
C State banks relied heavily on check transactions.
D Bank notes were issued more often than was ideal.
E The capitalization of a bank was directly correlated to the size of the town or city it was in.
Q1- I marked opt A for Q1. Can someone explain how opt D is correct?
A There was not a federal tax on state bank notes.
B Most small town banks were capitalized with less than $50,000.
C State banks relied heavily on check transactions.
D Bank notes were issued more often than was ideal.
E The capitalization of a bank was directly correlated to the size of the town or city it was in.
Q1- I marked opt A for Q1. Can someone explain how opt D is correct?
![Midge Ure – A Man of Two Worlds (2026) [Official Digital Download 24bit/96kHz]](http://imghd.xyz/images/2026/05/09/zvc67e2mth34l_600.jpg)
.jpg)
