The First Bank of the United States had characteristics that differ from those of the modern central bank of the United States. Which of the following is one such characteristic of the First Bank of the United States?(1 point)

Question

Responses

The First Bank of the United States was partially owned by foreign investors.
The First Bank of the United States was partially owned by foreign investors.

The First Bank of the United States printed all of the nation's currency.
The First Bank of the United States printed all of the nation's currency.

The First Bank of the United States featured little corruption.
The First Bank of the United States featured little corruption.

The First Bank of the United States was issued an indefinite charter.

Answer 1

The correct option that describes a characteristic of the First Bank of the United States differs from those of the modern central bank is:

The First Bank of the United States was issued an indefinite charter.

The First Bank of the United States had a limited charter and was re-chartered after its initial 20-year period, but it did not have an indefinite charter like the modern Federal Reserve does not have a charter in that sense. The other options do not accurately describe the characteristics of the First Bank of the United States compared to the modern central bank. For example, the First Bank was not solely owned by domestic investors, and it did not print all of the nation's currency, as that function has evolved over time.