The answer choices that were deemed by Congress in the early 20th century to be essential for an efficient banking system are:
- Centralization
- public control.
What is a Banking System?
This refers to the process whereby transactions are made and money is printed and circulated in a country.
Hence, we can see that in the early 20th century, the things that were deemed important to have an efficient banking system were centralization and public control.
Read more about banking systems here:
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