Which act created a new system of federally chartered banks called national banks?
A) the Gramm-Leach-Bliley Act of 1999
B) the Dodd-Frank Act of 2010
C) the Garn-St. Germain Act of 1982
D) the Sarbanes-Oxley Act of 2002
E) the National Banking Act of 1863

Question

Quizplus · Accepted Answer

The National Banking Act of 1863 created a system of federally chartered national banks, which was intended to create a more stable and uniform banking system across the U.S. It also created the Office of the Comptroller of the Currency to supervise and regulate these national banks.

Which Act Created a New System of Federally Chartered Banks