Multiple Choice
The need for a lender of last resort was identified as far back as:
A) the start of the Great Depression in 1929.
B) 1913, when the Federal Reserve was created.
C) 1873, by British economist Walter Bagehot.
D) 1776, by the first U.S. Secretary of the Treasury, Alexander Hamilton.
Correct Answer:
Verified
Correct Answer:
Verified
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