Question

During the free banking era, between 1837 and 1863,banking in the United States was dominated by which of the following

Answer 1

The answer above is completely incorrect on Gradpoint. The correct answer is actually state-chartered banks.

Answer 2

During the free banking era, between 1837 and 1863,banking in the United States was dominated by "a. small, independent bank with no charters," since this was before the larger banks began to issue more and more credit.