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The following were the challenges faced by North Carolina’s banking system in the early 1800s:
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There was too much paper currency -
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The paper currency that was in circulation, which was actually a promissory note, had become a very common method of payment.
The problem of the storage and reciprocation of this currency had already started to become a huge problem.
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Rural areas did not have many banks -
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Though substantially large populations also lived in the rural areas, the network of banks had not yet reached rural areas. As a result, a large faction of the population was being left out of the banking system.
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Bartering and trading were very common -
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Though the system of paper money had bee introduced already, many people still continued to use the same old bartering system in which the exchanged commodities for commodities.
An example would be to tell someone the truth and to be straight forward with a diagnostic someone may have.
true I just took the test and got it right
1. The ratio of workingage adults to adults aged 65 and older in a population is called the
elderly support ratio
<span>A) you organize a union or mostly Latino migrant Farm Workers
B) before a successful legal battle to end segregation in schools
C) the advocated bilingual education the Southwest
D) he worked to ensure better conditions for Cuban immigrants </span>
