Which act created nationally chartered banks and circulated notes backed by the federal government?

A) Free-Banking Act

B) National Banking Act

C) Federal Reserve Act

B B B B B B B B B B B B B B B B B B B

there.

The correct option is B.

The National Banking Act is an act of the United States government, which created a system of national banks. The Act made possible the development of a national currency and a system of nationally chartered banks. The first National Bank Act was passed in 1863.