gmattarget2017 wrote:
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?
Hi..let me give it a try.
I will talk
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