Title: QUIZ: The Second Bank of the United States -- The Federal Reserve and You
Course: Kelly's Copy & Export Course > Section: The Second Bank of the United States -- The Federal Reserve and You

Q: In ____________, President ____________ signed a bill which authorized the creation of the Second Bank of the United States.
- 1811; Madison
- 1816; Madison
- 1821; Monroe
- 1826; Monroe
A: 1816; Madison

Q: President __________________ opposed the Second Bank of the United States and withdrew the federal government’s funds from the bank.
- Adams
- Monroe
- Jackson
- Van Buren
A: Jackson

Q: One of the major arguments for establishing a second national bank in the U.S. was that it would
- control interest rates.
- stabilize the currency.
- reduce rising unemployment.
- increase government oversight of banks.
A: stabilize the currency.

Q: The Second Bank of the United States was very similar to the First Bank of the United States. For example, both banks
- were completely owned by the government.
- were only used by the government.
- had many different branches.
- had their charters renewed.
A: had many different branches.

Q: What happened after the charter for the Second Bank of the United States expired in 1836?
- The charter was renewed immediately.
- The U.S. had no central bank for 75 years.
- A third national bank was opened 10 years later.
- The government returned to using the First National Bank.
A: The U.S. had no central bank for 75 years.