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

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 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.

Answer 1

One characteristic of the First Bank of the United States that differs from the modern central bank of the United States is:

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

While it was a significant institution in early American history, its structure and ownership differed from the modern Federal Reserve system, which is a wholly domestic institution.