All of the following are reasons why these financial foundations were important in making possible the rapid growth of the U.S. economy during the nineteenth and twentieth centuries, except: A. A central bank provided direct control over all interest rates, facilitating the control and direction of the overall economy. B. The financial system provided a way for funds to flow from savers to entrepreneurs establishing and expanding new businesses. C. A central bank made loans more widely available to businesses and inspired state governments to allow other private banks to be established. D. Once financial markets were organized, they provided corporations with a way to raise funds and investors with a way to participate in the growth of the economy.

Rapid economic growth will require businesses and the economy to have unfettered access to funds and structures that will facilitate growth. Formation of corporations that will help with funding, the central bank giving out loans to businesses and forming private banks, and encouraging flow of funds from savers to enterpreneurs are ways in which economic growth is boosted.

However if a central bank provides direct control over all interest rates, facilitating the control and direction of the overall economy, it will limit economic growth.