Title: QUIZ: The State and National Banking Period -- The Federal Reserve and You
Course: Kelly's Copy & Export Course > Section: The State and National Banking Period -- The Federal Reserve and You

Q: The State and National Banking Period spanned from __________ to ____________.
- 1831; 1913
- 1831; 1916
- 1836; 1913
- 1836; 1916
A: 1836; 1913

Q: During the State and National Banking Period, some states addressed the problem of influence peddling in the issuance of bank charters by passing free banking laws, which allowed
- for the creation of state-sponsored banks.
- only the government to open any new banks.
- businesses to open a bank, if they had high enough profits.
- anyone to open a bank, if they met some minimum requirements.
A: anyone to open a bank, if they met some minimum requirements.

Q: Throughout the State and National Banking Period, which of the following printed and supplied their own paper money?
- Banks, companies
- Land owners, railroads, schools
- Banks, farmers, the United States Congress
- The United States Congress, the Second Bank of the United States
A: Banks, companies

Q: Congress passed the National Banking Act in 1863, which promoted nationally chartered banks that issued notes backed by ___________.
- the Second Bank of the United States
- the First Bank of the United States
- U.S. Treasury securities
- the Federal Reserve
A: U.S. Treasury securities

Q: The National Banking Act established the _____________, which provides oversight of national banks.
- Office of the Comptroller of the Currency (OCC)
- Federal Deposit Insurance Corporation (FDIC)
- Office of Monetary Affairs (OMA)
- Federal Reserve System (FRS)
A: Office of the Comptroller of the Currency (OCC)