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Which of the Following Did NOT Occur as a Result

Question 64

Multiple Choice

Which of the following did NOT occur as a result of the weakness of the Fed's actions during the banking crisis of the early 1930s?


A) Congress amended the Fed's charter to broaden the permissible collateral for discount loans.
B) Congress amended the Fed's charter to limit the convertibility of dollars into gold.
C) A federal system of deposit insurance was introduced.
D) Congress amended the Fed's charter to require it to make discount loans to any banks requesting them.

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