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After its national bank status changed, what did the Bank of North America continue as?
A credit union
A private concern
State-owned bank
International bank
Answer
The Bank of North America, once a national bank, transformed into a private enterprise, shedding its former government-affiliated status. This transition allowed the bank to operate as an independent financial institution, free from direct government control and influence, marking a significant shift in its organizational structure and governance.
Keeping Up with the First: Bank of North America Quiz
More Questions
Who approved the bank's business plan submitted by Morris?
The Bank of North America was modeled after the central bank of which country?
Who argued the bank's privileges with the Pennsylvania legislature?
Did the bank play a critical role in any major historical event?
What was the first location of the Bank of North America?
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