A. The purchasing power currencies issued by state banks varied wildly from state to state.
D. The amount of loanable funds increased.
What impacts did the decentralization of the U.S. banking system during the Free Banking Era have on the currency in the United States? Select the two correct answers.(1 point) Responses
A. The purchasing power currencies issued by state banks varied wildly from state to state.
B. Monetary reserves decreased.
C. The money supply declined.
D. The amount of loanable funds increased.
E. Land was frequently purchased with counterfeit currency.
1 answer