Responses
State banks faced lower taxes than national banks.
State banks faced lower taxes than national banks.
State banks could lend a larger percentage of depositor funds.
State banks could lend a larger percentage of depositor funds.
State banks continued to issue the national currency.
State banks continued to issue the national currency.
State banks continued to enjoy uniform policy across state lines.
1 answer
The correct response is:
State banks could lend a larger percentage of depositor funds.
Following the National Banking Acts of 1863 and 1864, state banks retained the advantage of being able to lend a larger percentage of depositor funds compared to national banks, which were subject to stricter regulations regarding reserves and lending practices.
