Multiple Choice Question

Question

Prior to the Blank______ of the U.S. banking system, no single entity was charged with creating and implementing nationally consistent banking policies.
Multiple choice question.

decentralization

centralization

elimination

creation of the Treasury

Answer 1

The correct answer is centralization.

Prior to the centralization of the U.S. banking system, there was no single entity responsible for creating and implementing consistent banking policies across the nation.