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What impacts did the decentralization of the u.s. banking system during the free banking era have on the currency in the united states? select the two correct answers.

the purchasing power currencies issued by state banks varied wildly from state to state.

monetary reserves decreased.

the money supply declined.

the amount of loanable funds increased.

land was frequently purchased with counterfeit currency.

Sagot :

Batolisisidn

The impacts of the decentralization during the free banking era are :

  • ( A ) The purchasing power currencies issued by state banks varied wildly from state to state.
  • ( C ) The money supply declined

Impacts of free banking era

During the free banking era the banks did not survive for long as necessary as they were unable to redeem their notes as the purchasing power of currencies varies from state to state.

Hence we can conclude that the impacts of the decentralization during the free banking era are as listed above.

learn more about free banking era : https://brainly.com/question/1120056

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