Banking and Finance Unit Test
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Question
By the end of the nineteenth century, the United States banking system transitioned from(1 point)
Responses
a centralized system of state banks to a centralized system of national banks.
a centralized system of state banks to a centralized system of national banks.
a decentralized system of national banks to a centralized system of state banks.
a decentralized system of national banks to a centralized system of state banks.
a centralized system of state and national banks to a decentralized system of state banks.
a centralized system of state and national banks to a decentralized system of state banks.
a decentralized system of state banks to a centralized system of state and national banks.
a decentralized system of state banks to a centralized system of state and national banks.
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Correct answer:
a centralized system of state banks to a centralized system of national banks.