During the colonial period in the nation’s history, banks depended on:
A. their own issue of paper money
B. foreign sources for their loanable funds
C. deposits of foreign currency such as the Spanish dollar
D. the investment of their own stockholders
Answer:A
During the colonial period in the nation’s history, banks depended on:
A. their own issue of paper money B. foreign sources for their loanable funds C. deposits of foreign currency such as the Spanish dollar D. the investment of their own stockholders