Mishkin_B_ch12.docVIP

The Economics of Money, Banking, and Financial Markets, 9e Mishkin Chapter 12 Banking Industry: Structure and Competition 12.1 Historical Development of the Banking System 1 The modern commercial banking system began in America when the A Bank of United States was chartered in New York in 1801. B Bank of North America was chartered in Philadelphia in 1782. C Bank of United States was chartered in Philadelphia in 1801. D Bank of North America was chartered in New York in 1782. Answer: B Ques Status: Previous Edition 2 A major controversy involving the banking industry in its earl