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Posted: **Thu May 19, 2022 10:29 am**

: 54 Paper Money Bank Notes Issued By State Chartered Banks A Was A Liability Of The Bank B Was Convertible Into Gol 1 (14.33 KiB) Viewed 48 times

: 54 Paper Money Bank Notes Issued By State Chartered Banks A Was A Liability Of The Bank B Was Convertible Into Gol 2 (15.5 KiB) Viewed 48 times

54. Paper money (bank notes) issued by state chartered banks A. was a liability of the bank; B. was convertible into gold or silver on demand; C. was backed by the federal government; D. Both A and B are correct.
56. After the demise of the Second Bank of the United states A. we see a period of inflation fueled be specie inflows; B. the Third Bank of the United States is chartered; C. we enter a period of financial crisis in 1837 and again in 1839; D. Both A and C are correct.