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The Weakness of the Fed's Actions During the Banking Crisis

Question 51

Multiple Choice

The weakness of the Fed's actions during the banking crisis of the early 1930s resulted in


A) a change in the law restricting its ability to make discount loans.
B) the introduction of a federal system of deposit insurance.
C) the establishment of the savings-and-loan industry.
D) the elimination of reserve requirements on demand deposits.

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